Apple supplier Foxconn has reported a robust 14% increase in its third-quarter net profit, bolstered by heightened demand for AI servers.
The Taiwanese company, the world's largest contract electronics manufacturer, posted a net profit of T$49.3 billion (US$1.5 billion) for the July-September period, up from T$43.1 billion in the same quarter last year, according to Reuters estimates.
Foxconn's profit exceeded analysts' average forecast of T$46.3 billion, underscoring its successful alignment with the growing demand for AI-driven technologies.
As a key supplier for Apple and other major tech firms, Foxconn's performance highlights its strategic gains within the high-growth AI server market.