TAIPEI, Nov 14 (Reuters) - Apple (AAPL.O), opens new tab supplier Foxconn (2317.TW), opens new tab reported on Thursday a 14% rise in third-quarter net profit, driven by strong AI server demand. The Taiwanese company, the world's largest contract ...

Taiwanese electronics giant Foxconn, the world's leading contract manufacturer and a key Apple supplier, reported a surge in third-quarter profits, exceeding market expectations.

Foxconn, the world’s largest contract electronics maker reported better-than-expected third-quarter financials on firm demand for AI servers.

Taiwan's Foxconn expects robust growth in its artificial intelligence server business next year and will increase investment in several countries amid mounting trade tensions between the U.S. and China,

Foxconn’s third-quarter revenue jumped 20 per cent year-on-year (YoY), driven by demand for AI servers. This helped the company achieve its highest-ever revenue for the quarter. Foxconn’s shares have doubled in value so far this year, outpacing the broader market’s 28 per cent gain. / TISG

Taiwan's Foxconn, the world's largest contract electronics maker, reported on Thursday a better-than-expected 14% rise in quarterly profit underpinned by robust demand for artificial intelligence servers.

Taiwan's Foxconn, the world's largest contract electronics maker, said on Thursday it expected robust growth in its artificial intelligence server business next year after reporting a better-than-expected 14% rise in quarterly profit.