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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Apple Supplier Foxconn Sees Profit Soar 27% To $1.47 Billion As AI Server Boom, iPhone Demand Fuel Record Growth

Foxconn Apple Hon Hai Precision Industry Co Nasdaq Artificial Intelligence Taiwan United States
Milwaukee,-,August,14,,2024:,Foxconn,Science,And,Technology,Park.

Editor's note: This article has been updated with the latest numbers following Foxconn's second-quarter results release.

Taiwan’s Hon Hai Precision Industry Co. Ltd. (OTC:HNHPF), known globally as Foxconn, reported second-quarter 2025 net profit jumped 27% year-over-year to TWD 44.4 billion ($1.47 billion), driven by explosive demand for artificial intelligence servers and sustained iPhone production for Apple Inc. (NASDAQ:AAPL).

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