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The Economic Times
The Economic Times
Technology

Foxconn logs quarterly net profit jump on AI demand

Foxconn Artificial Intelligence North America Taiwan

Taiwanese tech hardware giant Foxconn on Thursday announced a 19% jump in quarterly net profit as the booming market for artificial intelligence servers drives growth, despite geopolitical uncertainty.

Foxconn, whose official name is Hon Hai Precision Industry, has gone beyond assembling low-margin iPhones to making AI servers for Nvidia, along with electric vehicles and robots.

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