Foxconn's revenue surged by 34% in May, with AI servers becoming the largest source of income

```htmlGolden Ten Data reported on June 5 that Foxconn's sales in May reached NT$859.4 billion, a year-on-year increase of 39.6%. The company's sales over the past two months climbed to NT$1.69 trillion (equivalent to $53.6 billion). Analysts on average expect second-quarter revenue growth of 32%. Foxconn is the main assembler of NVIDIA accelerator servers, and the company previously stated it expects its business to expand significantly in 2026. Although concerns persist about excess capacity and monetizing AI technology, Alphabet, Amazon, Meta, and Microsoft have decided to spend $725 billion on AI this year, fueling surging demand. In addition to NVIDIA, a considerable portion of Foxconn's sales comes from assembling Apple’s iPhone and MacBook. Over the past year, its server business has surpassed smartphones to become the largest revenue source, reflecting the global boom in AI data center construction.```