Foxconn Reports 91% Surge in Quarterly Profits Thanks to AI

TaiwanPlus News

Foxconn has reported a 91% surge in quarterly profits, driven by strong global demand for AI servers. However, the manufacturer cautioned that U.S. tariffs could pose future challenges.

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00:00Taiwan's Foxconn, the world's largest electronics maker, has reported a 91% increase in quarterly profits, beating forecasts.

00:09The company, known for making products such as Apple's iPhone, says its Q1 performance was due to high demand for AI servers.

00:17But it says U.S. tariffs could bring more challenges.

00:21Foxconn also announced last week that it would manufacture electric vehicles for Japanese carmaker Mitsubishi,

00:27the first major contract for its EV subsidiary, Foxtron.

00:31It says the new car will enter the Australia and New Zealand markets in the second half of 2026.

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