Apple supplier Foxconn's Q2 profit rises 6% thanks to AI boom


The logo of Foxconn is seen outside the company's building in Taipei, Taiwan November 10, 2022. REUTERS/Ann Wang/File Photo

TAIPEI: Apple supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server demand as the company touted "strong growth momentum" from the technology boom.

The Taiwanese company, the world's largest contract electronics maker, said net profit for the April-June quarter rose to T$35.05 billion ($1.09 billion) from T$33 billion in the same period the previous year.

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Foxconn , Apple , AI , technology , Hon Hai Precision

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