Foxconn posts record Q4 revenue on surging demand for AI servers

 Foxconn (Hon Hai Precision Industry) recently announced its financial results for the fourth quarter of 2024, showing that its revenue reached a record NT$2.13 trillion (US$64.6 billion), up 15.2 percent year-on-year and exceeding the market's expectation of a 13 percent increase.

The company said strong artificial intelligence (AI) server demand was the main factor driving the growth, especially in its cloud and networking products divisions.

In December 2024, Foxconn's single-month revenue even reached NT$654.83 billion, up 42.3% year-on-year.

The company is optimistic about the future despite flat sales growth of consumer electronics products such as the iPhone.

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