Foxconn Achieves Record-Breaking Revenue In Q4 2024

Foxconn, the world’s largest contract electronics manufacturer, posted its highest-ever quarterly revenue, driven by robust demand for artificial intelligence (AI) servers, Reuters reported.

Foxconn, a key supplier for Apple and Nvidia, attributed the growth to the continued strength of the AI sector. I Photo: CGTN

The company’s Q4 revenue surged 15.2% year-on-year to T$2.13 trillion ($64.72 billion), surpassing the T$2.1 trillion forecast by analysts.

While growth in its smart consumer electronics division, including iPhone production, was flat compared to the previous year, its cloud and networking products division experienced significant gains due to demand for AI servers. Foxconn, a key supplier for Apple and Nvidia, attributed the growth to the continued strength of the AI sector.