Core Insights - Foxconn reported a 6% increase in net profit for Q2, driven by strong demand for AI servers [1][2] - The company's net profit for April-June reached NT$35.05 billion (US$1.08 billion), up from NT$33 billion in the same period last year [2] - This marks the fourth consecutive quarter of profit growth, fueled by the rising popularity of generative AI products like ChatGPT [3] Financial Performance - Net profit increased to NT$35.05 billion (US$1.08 billion) from NT$33 billion year-over-year [2] - Revenues for AI servers surged by 60% compared to the previous quarter [3] Strategic Initiatives - Foxconn aims to expand beyond electronics assembly, investing in the AI technology market [4] - The company plans to collaborate with Nvidia to create "AI factories," which are advanced data-processing centers for next-generation product production [4]
Foxconn net profit rises in second quarter on AI demand