According to CoinMeta, Foxconn reported record revenue in August, reaching $29.1 billion, a year-on-year increase of 51.98%. The company stated that demand for AI servers is accelerating and is rapidly becoming an important growth engine for them. Foxconn's cloud computing and networking products saw significant growth in August, while sales of smart consumer electronics slightly declined. Foxconn expects cloud computing and networking revenues to achieve high double-digit growth in the third quarter. The company also mentioned that demand for AI production capacity is expected to remain strong until 2027. According to The Wall Street Journal, server-related products already accounted for more than half of the quarterly revenue.