Foxconn, the world’s largest contract electronics manufacturer, is expected to report a 2.35% increase in fourth-quarter net profit, reaching T$54.4 billion (approximately $1.65 billion), up from T$53.15 billion in the same period the previous year. This anticipated growth is primarily driven by robust demand for artificial intelligence (AI) servers.
The company’s revenue for the fourth quarter surged by 15.2%, reaching a record high for that period. In December 2024 alone, Foxconn reported revenue of T$654.8 billion, marking a 42.3% year-on-year increase.
Foxconn’s cloud and networking products division, which includes AI servers, experienced robust growth during the quarter, with AI chip manufacturer Nvidia being a key client.
The company anticipates better-than-average first-quarter performance and robust year-over-year growth, though it has not provided specific figures.
Despite these positive indicators, Foxconn faces challenges from global trade tensions, particularly with its significant manufacturing bases in China and Mexico facing increased U.S. tariffs. Additionally, the company has announced a collaboration with Apple to build a large facility in Houston for assembling servers for Apple Intelligence data centers.
