Taiwan's Foxconn expects robust growth in its artificial intelligence server business next year and will increase investment in several countries amid mounting trade tensions between the U.S. and China,

Taiwan's Foxconn, the world's largest contract electronics maker, said on Thursday it expected robust growth in its artificial intelligence server business next year after reporting a better-than-expected 14 per cent rise in quarterly profit.

Taiwan's Foxconn, the world's largest contract electronics maker, reported on Thursday a better-than-expected 14% rise in quarterly profit underpinned by robust demand for artificial intelligence servers.

Foxconn Technology's (OTCPK:FXCOF) third quarter revenue jumped 20% year-over-year, and the company sees 2025 as "AI Year" for the group. Q3 Metrics: The Apple (AAPL) supplier — which is formally known as Hon Hai Precision (OTCPK:HNHAF) (OTCPK:HNHPF) — said net profit (attributable to the owners of the parent company) soared 14% year-over-year to