TAIPEI – Foxconn saw July revenue climb 22% year-over-year, the second-highest gain the company has recorded for the month.

The company said its cloud and networking products generated robust on-year revenue growth amid strong demand for AI servers, and components and other products also showed solid growth, which it said came from higher sales of its core business and automotive components.

Foxconn said its operations will continue to pick up as it enters a hot season in the second half of the year, and third-quarter performance will increase on the quarter and on the year.