🧔♂️ A friendly human may check it before it goes live. More news here
Foxconn’s first two month revenue jumps 25%
Hon Hai Precision Industry Co. (Foxconn) reported a 25% revenue increase for January and February 2025, reaching NT$1.1 trillion (US$33.5 billion).
This marks an improvement from the 11% growth in the same period last year. Analysts expect first-quarter revenue to hit NT$1.6 trillion (US$48.78 billion), a 22% year-on-year rise.
The growth is driven by strong demand for AI computing infrastructure, especially Nvidia’s Blackwell-powered servers. Nvidia recently reported US$11 billion in revenue from this chip, its fastest-growing product.
Foxconn, a key supplier of Nvidia AI servers and Apple products, anticipates significant first-quarter growth.
The company is also expanding in the US, with plans to manufacture AI servers in Houston in partnership with Apple later this year.
Recent Foxconn developments
| Timeline |
|---|
05-Mar-2025 🏭 Foxconn to invest $900m in AI server plant in Mexico
|
12-Feb-2025 📈 Taiwan shares rise as AI stocks jump on Nvidia’s surge
|
11-Feb-2025 📈 Foxconn reports strong January sales, expects Q1 growth
|
05-Jan-2025 🤖 Foxconn partners with Nvidia to develop humanoid robots
|
| 02-Jan-2025 💰 Foxconn invests $345m in US |
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.