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,

Foxconn, the world’s largest contract electronics maker reported better-than-expected third quarter financials on firm demand for AI servers. The Taiwanese firm saw a 14% rise in quarterly profit driven by strong demand for AI.

Taiwanese electronics giant Foxconn, the world's leading contract manufacturer and a key Apple supplier, reported a surge in third-quarter profits, exceeding market expectations.