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1504 Teco Electric and Machinery Co., News Story

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Electronics giant Foxconn's second-quarter profit rises 27% from a year earlier

TAIPEI, Aug 14 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker, on Thursday reported a 27% rise in second-quarter profit that beat market forecasts on continued strong demand for artificial intelligence servers.

Net profit for the April-June period for Apple's AAPL.O top iPhone assembler and Nvidia's  biggest server maker was T$44.4 billion ($1.48 billion), versus an LSEG consensus estimate of T$38.8 billion.

  ($1 = 29.9480 Taiwan dollars)

 (Reporting by Wen-Yee Lee and Faith Hung; Writing by Ben Blanchard; Editing by Christian Schmollinger)

 ((wen-yee.lee@thomsonreuters.com))

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