Foxconn Surpasses Expectations with Record Revenue in Q4 Driven by AI Demand

Forex - Taiwan's Foxconn, the world's largest contract electronics manufacturer, reported its highest revenue to date in the fourth quarter, surpassing expectations due to continued strong demand for artificial intelligence (AI) servers.

Foxconn stated that revenue for Apple’s (NASDAQ:AAPL) largest iPhone assembler rose by 15.2% to NT$2.13 trillion ($64.72 billion). This figure is above analysts' forecast of NT$2.1 trillion.