by Sarah Wu and Faith Hung
TAIPEI (Reuters) – Foxconn, Apple’s main supplier, on Monday reported better-than-expected second-quarter profit on the back of the rise of artificial intelligence (AI), but maintained a cautious outlook for the quarter. year due to global economic uncertainties.
The Taiwanese company posted a net profit for the April-June quarter of 33 billion Taiwan dollars (943.83 million euros), when analysts expected 25.57 billion Taiwan dollars, according to Refinitiv data.
The world’s largest electronics supplier has lowered its revenue forecast for the year, anticipating a slight decline, against a previous stability, due to fears for the global economy and a slow recovery in China. .
“Right now, there are many external variables: global monetary policy tightening, geopolitical tensions, inflation and other uncertainties,” chief executive Liu Young-way said, calling Foxconn’s outlook “relatively cautious.”
In the AI ​​server supply chain, Foxconn has won a “very large” market share for GPU modules and substrates, Liu Young-way added.
With the explosion of generative AI applications, Foxconn is gaining ground in servers for this segment and believes it can deepen collaboration with North American customers, Liu Young-way added, which is a positive point in a context slowdown in demand for smartphones and computers.
(Report Sarah Wu and Faith Hung, with the contribution of Ben Blanchard; Nathan Vifflin, edited by Kate Entringer)
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