Foxconn, the Taiwanese electronics manufacturer and longtime partner of Nvidia and Apple, reported a 26% year-on-year revenue increase in November, reaching NT$844.3 billion ($27 billion). The growth was driven largely by rising demand for AI server racks and cloud infrastructure products amid the ongoing AI boom.
The company highlighted strong performance in its cloud and networking segments, noting momentum in AI server shipments. Foxconn’s month-on-month revenue fell about 6%, attributed to a slight decline in smart consumer electronics. Third-quarter profits also rose 17% year-on-year due to AI infrastructure demand.
Foxconn has become a key player in AI rollout, providing infrastructure for a major AI factory in Taiwan in partnership with Nvidia and the Taiwanese government. The company has also taken a stake in data center construction firm TECO Electric & Machinery Co.
Additionally, Foxconn is collaborating with OpenAI on U.S. manufacturing and design readiness for next-generation AI infrastructure hardware, further cementing its role in the global AI ecosystem.
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