Nvidia supplier Foxconn, the world’s largest electronics contract manufacturer, reported a 17% jump in third-quarter net profit, boosted by accelerating shipments of AI-server racks and strong demand from major cloud/AI customers.
The group highlighted that its AI-server business is becoming a core growth driver — signalling a strategic pivot away from traditional consumer electronics to high-end infrastructure manufacturing.
Why it matters
Foxconn’s pivot shows how manufacturing supply chains are reorienting to the AI era, which could realign winners in electronics beyond just chip-makers. For investors, it highlights an indirect way to play the AI build-out via hardware and manufacturing exposure.
