Foxconn's Record Revenue Growth

This is a Foxconn news story, published by CNBC, that relates primarily to Hon Hai Precision Industry news.

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largest semiconductor manufacturer

CNBC

•

Technology

Global chip stocks climb as Foxconn's bumper results show a continuation of the AI boom

Summary

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85% Informative

Hon Hai Precision Industry , which does business as Foxconn internationally, reported revenue of 2.1 trillion New Taiwan dollars ( $63.9 billion ) in the fourth quarter of 2024 , up 15% year-over-year.

Foxconn 's bumper sales performance was heavily driven by growth in cloud and networking products, which includes AI servers like those designed by chipmaker Nvidia .

Shares of several semiconductor firms across Asia , Europe and the U.S. rose on Monday , with the world's largest chipmaker TSMC hitting a record high.

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formal

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English

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not offensive

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not hateful