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Foxconn expects AI server revenue to surpass iPhone sales
Foxconn, the world’s largest contract electronics manufacturer and a key supplier for Apple, anticipates its server revenue will exceed its iPhone revenue within two years.
Chairman Young Liu suggested that this shift could happen as early as this year. He attributed it to strong demand for AI servers.
Foxconn produces Nvidia’s latest AI servers, including the GB200 and GB300 models.
Liu projected that Foxconn’s AI server revenue could reach T$1 trillion (US$30.29 billion) in 2025.
This would account for over half of the company’s total server revenue.
He also noted that revenue from cloud and networking products is expected to be comparable to that of smart consumer electronics, such as iPhones, within the same timeframe.
Recent Foxconn developments
| Timeline |
|---|
| 14-Mar-2025 📈 Foxconn expects profit rise on AI server demand Foxconn forecasts a 2.35% profit increase in Q4 2024, driven by strong AI server demand and record revenue growth. |
| 10-Mar-2025 🤖 Foxconn unveils first AI model for manufacturing, supply chain Foxconn launches ‘FoxBrain’, its first large language model for manufacturing, optimized for Chinese dialects and AI collaboration. |
| 06-Mar-2025 📈 Foxconn’s first two month revenue jumps 25% Foxconn reports 25% revenue growth in early 2025, driven by AI server demand and plans for US production expansion. |
| 05-Mar-2025 🏭 Foxconn to invest $900m in AI server plant in Mexico Foxconn plans a $900M AI server plant in Jalisco, Mexico, to become the world’s largest assembly site for Nvidia chips. |
| 01-Mar-2025 🏢 Foxconn begins $137m HQ in China for EVs, energy storage Foxconn breaks ground on a $137M global HQ in Zhengzhou, focusing on EVs and energy storage to diversify its portfolio. |
| 13-Feb-2025 🤝 Foxconn eyes collaboration over acquisition with Nissan Foxconn explores partnership with Nissan in EVs, not acquisition, amid Nissan’s search for new collaborations. |
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