Revenue at the world’s largest contract electronics manufacturer, Taiwan’s Foxconn, rose 15.2% (more than $8 billion) to $64.72 billion in the fourth quarter of 2024, Reuters reports. Last December alone, the company’s revenue grew 42.3% year-over-year to $19.89 billion, the second-highest monthly figure in the company’s history.
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“In the first quarter of 2025, the total activity [компании] little by little it moved into the traditional low season. Even with record earnings in Q4 2024, sequential Q1 performance [2025 года] will reach average levels in five years,” the agency quotes Foxconn’s analytical forecasts. The company declined to provide specific forecast figures.
Foxconn shares have risen about 46% since January 2024 and are now trading at NT$75 ($2.28), according to data from MarketWatch. Taiwan’s SE weighted index, based on Reuters and LSEG data, grew just 28.5% over the same period. The FTSE TWSE Taiwan 50 index of Taiwan’s 50 largest companies grew 49.38% over the past year.
Foxconn attributed the revenue growth to increased demand for servers and other electronic devices for artificial intelligence (AI), with the largest revenue increase being experienced by the company’s divisions responsible for cloud computing and computer networks. , whose client is the largest AI chip manufacturer, Nvidia.
At the same time, the consumer electronics sector (e.g. iPhone) did not show significant year-on-year growth.
Author:
Mikhail Zelenin
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
