Foxconn headquarters in New Taipei City in May 2025 (I-Hwa Cheng)Taiwanese tech hardware titan Foxconn reported on Wednesday a forecast-busting second quarter net profit, as exploding demand for artificial intelligence servers needed in data centres powered the company's growth. Foxconn, whose official name is Hon Hai Precision Industry, has gone beyond assembling low-margin iPhones to making AI servers for US tech giant Nvidia, along with electric vehicles and robots. The company said net profit for April-June reached NT$59.97 billion ($1.86 billion), up 35 percent from the previous year. "AI infrastructure is driving growth," Foxconn said in its earnings announcement. The company forecast "strong YoY growth" in the current quarter and "a strong full-year outlook".