DIPS

Nvidia Vera Rubin-based AI servers begins mass production in the 3rd quarter at Foxconn, and shipments will ramp up in the 4th quarter, media report, adding Foxconn has won new ASIC customers as well, putting it closer to its goal of 50% market share in AI server racks. CEO Mike Chiang made the comments during Foxconn’s 2nd quarter conference Wednesday (8/12). Foxconn remains on target for AI rack shipments to more than double this year.

Foxconn 2nd quarter net profit rose 35% year-on-year to NT$59.97 billion (US$1.86B), beating the NT$58.38B expected.

For the 3rd quarter, Foxconn expects significant quarter-on-quarter growth, and strong year-on-year growth

AI-related product order visibility now extends into 2027

July monthly revenue hit an all-time-high NT$946.5B, and August and September are projected to rise further amid strong AI and iPhone shipments.

Foxconn will continue to expand in Mexico, Taiwan, Vietnam and the US, including in Texas, Wisconsin, Ohio and California.

Capex will rise 30% this year over last year’s NT$173.8B to meet strong AI demand.

In the 1st half of 2026, capex was NT$80.9B $NVIDIA(NVDA.US) $Alphabet(GOOGL.US) $Amazon(AMZN.US) #AIservers

Source: Dan Nystedt