AI boosts chip stocks as Foxconn posts record revenue

Global semiconductor shares increased Monday as Foxconn reported record fourth-quarter revenue of NT$2.1 trillion (US$63.9 billion), reflecting a 15% increase compared to the previous year.

This growth was mainly attributed to strong demand for its cloud and networking products, particularly AI servers.

However, the company observed minor declines in its computing products and smart consumer electronics, including iPhones and other smartphones.

The fourth-quarter revenue is the highest recorded in the company’s history.

Recent Foxconn developments

Timeline
05-Jan-2025 🤖 Foxconn partners with Nvidia to develop humanoid robots Foxconn partners with Nvidia for humanoid robots. Kaohsiung to be central hub for development.
05-Jan-2025 📊 Foxconn reports record Q4 revenue, up 15.2% Foxconn posts NT$2.13 trillion Q4 revenue Expecting significant growth for Q1 2025
02-Jan-2025 💡 Foxconn invests $345m in US Foxconn invests US$345M in US subsidiaries Funds may boost AI server production capabilities
24-Dec-2024 ⚡ Foxconn invests $82m in Zhengzhou EV battery plant Foxconn invests $82M in EV battery plant in Zhengzhou Facility to support electric vehicle production strategy
05-Dec-2024 📈 Foxconn posts $20.75b revenue in November Foxconn’s November revenue up 3.47% year-on-year Projected growth in Q4 operations for the company

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Recent Foxconn developments

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