Foxconn's revenue jumps 26% in November as AI demand booms
Foxconn (yep, the Apple supplier) just posted a huge 26% boost in November revenue, hitting NT$844.3 billion (about $27 billion).
What's fueling this? Skyrocketing demand for AI hardware—especially servers loaded with NVIDIA chips.
AI servers and cloud tech are driving the surge
Foxconn's shipments of AI server racks shot up 300% last quarter, pushing its total AI server revenue past NT$1 trillion way ahead of schedule.
Most of this momentum comes from US tech giants pouring money into cloud and networking products to power their next-gen AI tools.
Foxconn is betting big on US expansion
To keep up, Foxconn is building more AI server facilities in Wisconsin and Texas.
Chairman Young Liu says Q3 profits hit new highs, and analysts project another 14% sales jump in Q4 thanks to booming demand for smart electronics.
Foxconn anticipates its AI server market share will rise above 40% in 2026.