Taipei, Nov. 12 -- Hon Hai Precision Industry Co., the parent company of Foxconn, on Wednesday reported its highest-ever third-quarter net profit, fueled by the growing global demand for artificial intelligence servers, according to a report by Focus Taiwan.

The Taiwan-based company said its net profit for the July-September quarter increased 17 per cent year-on-year to NT$57.67 billion (approximately USD 1.86 billion). The figure also marked a 30 per cent increase from the previous quarter, underscoring the firm's strong performance amid the accelerating AI boom. Earnings per share stood at NT$4.15 (USD 0.13), compared to NT$3.55 (USD 0.11) in the same period last year.

Foxconn said its consolidated sales increased 11 per cent from the...