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In the bustling tech hub of Taipei, Taiwan, the emblem of Foxconn, also known as Hon Hai, stands prominently as a symbol of its expansive influence in the technology sector. This multinational corporation is a crucial partner for global giants like Apple, manufacturing many of its iconic products.
Foxconn’s role as a central player in the tech ecosystem extends beyond Apple. Recently, the company has seen a significant surge in its financial performance, particularly in November, where its revenue climbed by an impressive 26% compared to the previous year. This growth is largely fueled by the rising demand for servers amidst the booming artificial intelligence industry, highlighting Foxconn’s partnership with Nvidia in this arena.
Renowned as the world’s largest contract electronics manufacturer, Foxconn’s capabilities include producing servers for data centers and assembling Apple’s renowned iPhones. The company’s recent revenue report for November highlights robust performance in its cloud and networking divisions, attributing this success to the increasing demand for AI server racks. In monetary terms, Foxconn reported a revenue of NT$844.3 billion, equivalent to $27 billion.
Foxconn’s longstanding collaborations with tech titans such as Nvidia and Apple have solidified its position as a pivotal force in the development and deployment of AI infrastructure. As the world continues to embrace artificial intelligence, Foxconn’s strategic partnerships and manufacturing prowess place it at the forefront of this technological evolution.
Foxconn on Friday reported “strong growth” year-on-year for its cloud and networking products, pointing to “momentum for AI server racks,” in its monthly revenue report. It reported revenue of NT$844.3 billion ($27 billion) for November.
A longstanding partner to many of the world’s largest tech companies including Nvidia and Apple, Foxconn has become a key player in the rollout of AI infrastructure in recent times.
It was announced in May that the company would provide infrastructure to a major AI factory in Taiwan, in collaboration with Nvidia and the Taiwanese government. Two months later Foxconn announced it was taking a stake in data center construction company TECO Electric & Machinery Co.
OpenAI said last month that it would collaborate with the Taiwanese company on design work and U.S. manufacturing readiness for next generation AI infrastructure hardware.
Foxconn’s month-on-month revenue was down around 6%, with the company pointing to its smart consumer electronics segment slightly declining.
“AI server rack shipments continue to ramp up, and ICT products are in peak season in the second half of the year,” the monthly report said in its business outlook for the fourth quarter.
The company said in November that growth in its AI server business had seen its third-quarter profits jump 17% year-on-year.
Foxconn’s share price has jumped 26% since the start of 2025, following a 76% uptick over the previous 12 months.
