Q2 net profit T35.05 bln vs T33 bln previous year
Foxconn says development on track for Nvidia GB200 chip
Forecasts AI servers to be next trilliondollar revenue product

TAIPEI, Aug 14 Reuters Apple supplier Foxconn on Wednesday surpassed expectations with a 6 rise in quarterly net profit, driven by a boom in demand for AI servers, and stood by its forecast for fullyear revenue to grow significantly.

The world39;s largest contract electronics maker said it expected robust demand for artificial intelligence servers to continue to boost growth into the fourth quarter.

Foxconn said the development schedule for AI semiconductor leader Nvidia39;s GB200 chip was on track, adding product delivery will start in the fourth quarter in small volumes, which would rise in early 2025.

If the schedule remains unchanged, the performance of the entire AI server segment may be better than originally estimated, Foxconn vice president and spokesman James Wu said.

Wu emphasized Foxconn39;s leading position in the AI server market, which he said accounted for than 40 of the global market share, adding its capacity and technology would not be easily challenged by competitors.

That will not be changed in a short time, he said.

The Taiwanese company said net profit for the AprilJune quarter rose to T35.05 billion 1.09 billion from T33 billion in the same period the previous year.

That beat analysts39; average estimate of T34.29 billion.

It was the fourth consecutive quarterly…