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.

The contract electronics maker reported better-than-expected profit for the third quarter as the artificial-intelligence boom drove demand for AI servers.

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,