Foxconn Posts Big Q2 Revenue Gain as AI Drives Server Demand, Flags Geopolitical Risks
Hon Hai Precision Industry (TW:2317), widely known as Foxconn, reported a 39.8% year-on-year rise in second-quarter revenue to T$2.513 trillion ($78.71 billion), driven by strong demand for AI-related cloud and networking hardware and steady consumer electronics sales. The result exceeded Reuters/LSEG expectations of T$2.372 trillion. The company s…