Taiwan's Foxconn, the world's largest contract electronics maker, is expected to report on Friday that fourth-quarter profit rose 2.35% on strong demand for artificial intelligence servers. Net profit for October-December for Apple's top iPhone assembler and Nvidia's AI server maker likely came in at T$54.

Foxconn Technology Group reported weaker-than-expected quarterly results as the world’s largest contract electronics maker continued moving into growth areas such as artificial intelligence and electric vehicles.

Taiwan's Foxconn, the world's largest contract electronics maker, reported a 13% drop in fourth-quarter profit as weak performance in its consumer electronics division offset strength in its AI server segment business.