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International Business Times
International Business Times
Business
AFP News

DARK SECRETS: Foxconn net profit rises in second quarter on ai demand | Rare Historical Photos

Foxconn's profits have been boosted by demand for artificial intelligence technology (Credit: AFP)

Taiwanese tech giant Foxconn on Wednesday reported a six percent jump in net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence servers.

Also known by its official name Hon Hai Precision Industry, Foxconn is the world's largest contract electronics manufacturer and assembles devices for major tech companies, most notably Apple's iPhones.

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