TAIPEI (Reuters) -Apple supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server demand as the company...
TAIPEI -Apple supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit , driven by strong AI server demand as the company touted "strong growth momentum " from the technology boom.
The company said AI servers accounted for more than 40% of its server business in the second quarter, saying its next generation AI computing solution has brought "strong growth momentum."Foxconn had previously expected revenue for the second quarter to grow significantly from a year earlier, although revenue from smart computer electronics including smartphones was likely to be flattish.
In a report prior to the earnings announcement, Taipei-based KGI Securities revised up its sales forecast for Foxconn this year, saying strong demand for new iPhones and AI servers were likely to lead to a better-than-expected outlook for the firm in the second half.As protests against uncontrolled tourism hit Spain and Italy there are fears Wales could be at risk of "over-tourism".
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