Taiwanese electronics firm Foxconn’s Q3 profit rises 17%, beats forecasts

TAIPEI (Reuters) -Taiwan’s ​Foxconn, the world’‌s largest contract electronics maker,‌ reported on Wednesday a 17% rise in third-quarter profit ⁠that beat ‌market forecasts on sustained strength in demand ‍for artificial intelligence servers.

Net profit for the July-September ​period for Nvidia‘s ‌biggest server maker and Apple‘s top iPhone assembler was T$57.67 billion ($1.89 ⁠billion), ​versus an ​LSEG consensus estimate of T$50.4 billion.

(‍$1 ⁠= 30.5930 Taiwan dollars)

(Reporting by ⁠Wen-Yee Lee and Ben ‌Blanchard; Editing by ‌Muralikumar Anantharaman)