Hon Hai Precision Industry Stock News

Foxconn's third-quarter performance is expected to outperform market expectations given strong AI-related demand, the Taiwanese ​contract electronics maker said on Saturday, though it ‌offered caution about "volatile" global politics.

Foxconn shares finished sharply higher on Wednesday before the company delivered a stronger-than-expected second-quarter profit, setting up a closely watched test when trading resumes in Taipei. The stock closed 2.7% higher at NT$270, near its intraday high of NT$270.50.

The Taiwanese company reported another strong quarter as it boosted production of servers and other tech hardware for the global artificial-intelligence build-out.

Taiwan's Foxconn , the ​world's largest contract ‌electronics maker, reported on Wednesday ​a 35% ​rise in second-quarter profit, ⁠beating analyst ​forecasts, on continued ​strong demand for AI.

Monthly ​revenue for ‌Foxconn hit a ​record in ​July, surpassing T$900 ⁠billion ($27.93 ​billion) for ​the first time on ​strong ​AI demand, the ‌Taiwanese ⁠company said on Wednesday.

Taiwan's Foxconn , the world's ​largest contract electronics ‌maker and Nvidia's biggest server maker, ​reported on Sunday ​a jump of 39.8% ⁠in second-quarter ​revenue year on year, ​fuelled by strong AI-related demand.

The collaboration seeks to help customers build and operate AI infrastructure with greater speed and efficiency, Schneider Electric said.

Schneider Electric said on Monday ​it had entered ‌a strategic collaboration with Taiwan's Hon ​Hai Technology ​Group , known internationally as ⁠Foxconn, to develop ​and scale infrastructure ​for next-generation artificial intelligence data centres.