15 October 2026 | 12:12AM HKT Equity Research Foxconn Industrial Internet (601138.SS): AI servers in expansion; Read across from Hon Hai's monthly revenues trend; Buy We are positive on FII and expect 3Q26E revenues to increase by 23% QoQ, driven by strong AI infrastructure upcycle, FII's leading market position in AI servers, ramp up of the next generation AI server racks and CPO switch, strong general servers demand on Agentic AI and the company's expansion in CSP clients, and high-speed switch. The paren ...