Hon Hai reports significant sales growth driven by strong AI demand

```htmlJinse Finance reports that Foxconn, Nvidia's server assembly partner, posted stronger-than-expected quarterly sales growth, indicating continued robust demand for artificial intelligence (AI). Foxconn announced on Sunday that June revenue increased by 52%. Calculations show that Foxconn's quarterly sales for June grew by nearly 40%, reaching NT$2.51 trillion (US$79 billion). Analysts had previously expected an average of NT$2.37 trillion. Foxconn (also known as Hon Hai) has established its position as a key player in AI hardware by assembling servers equipped with Nvidia accelerators. Alphabet, Amazon, Meta Platforms Inc., and Microsoft are preparing to invest about US$725 billion in AI this year, despite warnings about overcapacity and ongoing questions regarding the monetization of this technology. Since the outbreak of conflict in the Middle East has placed significant pressure on global shipping routes and natural gas prices, concerns over the rush to build energy-intensive data centers have also been mounting.```