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International Business Times
International Business Times
Business
AFP News

Foxconn Logs Second Straight Quarter Of Profits As AI Demand Surges

Foxconn, also known as Hon Hai Precision Industry, enjoyed a second successive quarter of surging profits in October-December (Credit: AFP)

Taiwanese tech giant Foxconn on Thursday reported a second straight quarter of profit growth, with the Apple supplier boosted by demand for AI hardware and infrastructure.

The firm -- also known by its official name Hon Hai Precision Industry -- is the world's biggest contract electronics manufacturer and assembles devices for several companies, most notably Apple's iPhones.

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