Foxconn (TPE: 2317) posted a net profit of NT$59.97 billion for the second quarter, up 35% from a year ago and beating analyst forecasts of NT$58.8 billion. Net profit in the April-June period was NT$59.97 billion, or about $1.86 billion, compared with an LSEG consensus of NT$58.8 billion and NT$44.4 billion a year earlier. Cloud and networking products, the segment that includes AI servers, made up 51% of revenue in the second quarter. Vera Rubin racks ship in the fourth quarterFoxconn makes the latest Vera Rubin server products from Nvidia. CoWoS, or Chip on Wafer on Substrate, is an advanced packaging technology TSMC developed for AI chip production.