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Foxconn lifts Q2 outlook on strong AI server demand
Taiwan’s Foxconn said on June 5 that its second-quarter performance should come in well above its previous expectation of significant growth.
The company did not provide numeric guidance.
Foxconn is Nvidia’s biggest server maker and Apple’s top iPhone assembler.
The company has separately said AI servers are a growth driver. In a recent quarter, Foxconn said its AI server business rose more than 60% year on year.
Foxconn also said cloud and networking products accounted for 41% of revenue in that quarter, ahead of consumer electronics at 35%.
🔗 Source: Reuters
Recent Foxconn developments
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