TAIPEI: Taiwan’s Foxconn, the world’s largest contract electronics make says its first-quarter profit leapt 91% and beat the market forecast on continued strong demand for artificial intelligence (AI) servers.
Net profit for January-March for Apple’s top iPhone assembler and Nvidia’s server maker came in at NT$42.12bil or about US$1.39bil, versus the NT$37.8bil average of 13 analyst estimates compiled by LSEG.
