Foxconn, the world’s largest contract electronics maker reported better-than-expected third quarter financials on firm demand for AI servers. The Taiwanese firm saw a 14% rise in quarterly profit driven by strong demand for AI.

Citing Nvidia CEO Jensen Huang, Liu said demand for Nvidia's GB series servers were "very crazy" and its shipment for that product will grow quarter by quarter next year as it has ramped up production capacity. Liu expected Foxconn to take "at least 40% ...

The contract electronics maker reported better-than-expected profit for the third quarter as the artificial-intelligence boom drove demand for AI 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.