Taiwan’s Hon Hai Precision Industry, better known as Foxconn, set records for both its fourth-quarter and full year revenue, which rose 15 per cent and 11.4 per cent respectively. (The Logic)
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Taiwan’s Hon Hai Precision Industry, better known as Foxconn, set records for both its fourth-quarter and full year revenue, which rose 15 per cent and 11.4 per cent respectively. (The Logic)
Talking point: The supplier of electronic parts for Apple and Nvidia said demand for AI servers and its growing automotive business boosted sales. It further expects “significant” growth in the first quarter of 2025. Foxconn has been buoyed by the rise of EVs in Asia—so much so that it recently flirted with buying a major stake in Nissan. Its manufacturing footprint abroad has also insulated it from most of the tariff war in the semiconductor market. Global chip companies saw their stocks rise on Monday following Foxconn’s bullish assessment of AI usage.
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