Taiwan’s electronics giant Foxconn, officially known as Hon Hai Precision Industry, reported a substantial increase in its second-quarter profit, thanks to strong global demand for AI servers. The company's net profit for April to June reached up to T$39.8 billion (about $1.33 billion), marking a significant rise from the previous year. Estimates and reports indicate profit growth ranging from 11% to 27% compared to the same period last year, fueled by its role as a leading assembler for both Apple and server manufacturer for Nvidia[1][2][4][5].
Despite record revenue fueled by the AI sector, Foxconn remains cautious due to geopolitical tensions and currency exchange risks. The company’s vast manufacturing network in China exposes it to ongoing US-China trade uncertainties, even as both governments recently extended their tariff truce for 90 days[1][2].
Stay Informed with the Latest news and trends in AI
The Domain has been successfully submitted. We will contact you ASAP.
