Foxconn’s Q2 Sales Soar on AI Servers and iPhone Demand

The key Apple and Nvidia supplier posted a 39.8% jump in quarterly revenue, beating forecasts as AI infrastructure spending continued to accelerate. Taiwan-based Foxconn, the world’s largest contract electronics manufacturer, reported stronger-than-expected second-quarter revenue, driven by sustained demand for artificial intelligence (AI) infrastructure and steady growth in its consumer electronics business.