Foxconn Industrial Internet (FII) reported a net profit of RMB 4.18 billion in the first quarter, a year-on-year increase of 33.77%.

During the reporting period, the company’s cloud computing business revenue accounted for nearly 50% of the total revenue; AI servers accounted for nearly 40% of the overall server revenue, with AI server revenue nearly doubling year-on-year and showing a near double-digit percentage growth rate sequentially.

In addition, generative AI servers increased nearly threefold year-on-year, also showing a double-digit percentage growth rate sequentially