Foxconn Q2 revenue beats market forecast on AI server demand

TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and Apple’s biggest iPhone assembler, posted on Friday better-than-expected quarterly revenue on AI server demand, and forecast continued growth in the current quarter. The third quarter is traditionally the start of the season for Taiwan’s tech companies to race to supply smartphones, tablets and other electronics to major vendors such as Apple for Western markets’ year-end holiday period. Foxconn is also powering ahead due to strong demand for servers for artificial intelligence (AI) applications, and its customers include AI darling Nvidia.