The logo of the multinational high-tech company Foxconn (also known as Honghai), a major manufacturer of Apple products, in Taipei, Taiwan, April 16, 2025.
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foxconn,key Nvidia The artificial intelligence building partner saw revenue jump 26% year over year in November as server demand continued to rise amid the AI boom.
The Taiwanese company, also known as Hong Hai, is the world’s largest contract electronics manufacturer, not only manufacturing the servers that hold the chips in data centers, but also assembling them. apple’s iPhone.
Foxconn on Friday cited “momentum in AI server racks” in its monthly earnings report and reported “strong year-over-year growth” in its cloud and networking products. It reported sales of NT$844.3 billion ($27 billion) in November.
A long-time partner of many of the world’s largest technology companies, including Nvidia and Apple, Foxconn has recently been playing a key role in the deployment of AI infrastructure.
It was announced in May that the company would work with Nvidia and the Taiwanese government to provide infrastructure for a major AI factory in Taiwan. Two months later, Foxconn announced it would take a stake in a data center construction company. TECO Electric Co., Ltd.
OpenAI announced last month that it would collaborate with a Taiwanese company on design work and preparation for U.S. manufacturing of next-generation AI infrastructure hardware.
Foxconn’s sales fell by about 6% month-on-month, with the company pointing to a slight decline in its smart home appliances division.
In its fourth quarter business outlook, the monthly report said, “Shipping of AI server racks continues to increase, and ICT products are entering their peak season in the second half of this year.”
In November, the company announced that third-quarter profits rose 17% year-on-year due to growth in its AI server business.
Foxconn stock is up 26% since the beginning of 2025, following a 76% rise over the past 12 months.
