AI surge raises Foxconn profits

Taiwanese company Foxconn, the world's largest contract electronics manufacturer, achieved strong profit growth in the second quarter of 2026, increasing by 35% year-over-year, driven by strong demand for artificial intelligence technologies. The company recorded a net profit of 59.97 billion New Taiwan Dollars (approximately 1.86 billion US Dollars), surpassing analysts' expectations of 58.8 billion dollars, reflecting ongoing momentum in the AI sector. This growth is supported by Foxconn's expansion in the manufacturing of AI servers for companies like Nvidia, as well as changes to its global production network to enhance performance and reduce reliance on China, with increased production in India and the United States. The company's outlook indicates strong revenue growth despite uncertain target figures, with continued demand for AI applications serving as a key driver of growth in the second half of 2026.

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