Prime Highlight
- Foxconn saw a strong 26% year-on-year revenue rise in November, driven by soaring global demand for AI server racks and cloud infrastructure.
- The company is strengthening its role in the AI hardware ecosystem through partnerships with Nvidia, OpenAI, and the Taiwanese government.
Key Facts
- November revenue reached NT$844.3 billion (US$27 billion), despite a 6% month-on-month decline due to softer consumer electronics demand.
- Foxconn’s share price has risen 26% in 2025 after a 76% increase last year, reflecting investor confidence in its expanding AI server business.
Background
Foxconn, the world’s largest contract electronics manufacturer and a major partner to Nvidia, reported a strong 26% year-on-year rise in revenue for November as global demand for artificial intelligence (AI) infrastructure continues to accelerate. The Taiwanese company, also known as Hon Hai, posted NT$844.3 billion (US$27 billion) in monthly revenue, supported by a sharp increase in orders for AI server racks and cloud equipment.
In its monthly statement, Foxconn highlighted “strong growth” across its cloud and networking portfolio, noting that demand for AI server racks remains one of the biggest drivers of its recent performance. The company is central to the world’s tech supply chain, assembling Apple’s iPhone and manufacturing the servers that power data centers worldwide.
Foxconn’s growing role in AI infrastructure has expanded this year. In May, the company agreed to provide infrastructure for a major AI factory in Taiwan, in partnership with Nvidia and the Taiwanese government. It later took a stake in TECO Electric & Machinery Co., a firm involved in data center construction. Last month, OpenAI announced that it would work with Foxconn on next-generation AI hardware design and U.S. manufacturing readiness.
Despite the strong annual growth, Foxconn reported a 6% month-on-month decline, citing softer demand in its smart consumer electronics segment. Even so, the company remains confident about the fourth quarter, saying that AI server shipments are “continuing to ramp up” while ICT products benefit from peak-season demand.
Foxconn’s strong AI performance has pushed up its stock. Its share price has climbed 26% since the start of 2025, after rising 76% last year, showing that investors trust its growing AI server business.