<div id="readability-page-1">Profit jump: Foxconn’s first-quarter earnings rose 19% year-on-year, beating expectations on strong AI product demand. AI-driven expansion: The company will boost capital spending by 30% this year to expand AI server manufacturing capacity. Market outlook: Chairman Young Liu projects growth momentum as cloud providers’ capital spending may reach $1 trillion next year.</div>

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<p>Foxconn reported a 19% year-on-year profit increase in Q1, driven by strong AI demand. To capitalize on this growth, the company plans to raise capital spending by 30% this year to expand AI server manufacturing capacity. Chairman Young Liu anticipates continued momentum, noting that cloud providers' capital spending could reach $1 trillion next year.</p>

FIT HON TENG

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Foxconn sees strong growth ahead on soaring AI demand