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Foxconn, the largest contract electronics manufacturer globally, achieved record revenue in the fourth quarter, fueled by strong demand for AI servers. The company's revenue surged by 15.2% to T$2.13 trillion ($64.72 billion), surpassing analyst expectations. This growth was particularly notable in the cloud and networking products division, which benefited from robust AI server demand.
Despite the impressive fourth-quarter results, Foxconn anticipates a typical seasonal slowdown in the first quarter of 2025. The company noted that while the revenue figures are high, the sequential performance is expected to align with average levels from the past five years. Foxconn's stock performance also reflected this growth, with shares rising significantly over the past year.
• Foxconn's revenue growth driven by AI server demand.
• Nvidia is a key customer for Foxconn's AI-related products.
AI servers are specialized computing systems designed to handle AI workloads, contributing to Foxconn's revenue growth.
Cloud products refer to services and infrastructure provided over the internet, which saw increased demand due to AI applications.
Networking products facilitate communication between devices, playing a crucial role in supporting AI server operations.
Foxconn is a leading electronics manufacturer that has expanded its focus on AI-driven products, significantly impacting its revenue.
Nvidia is a prominent AI chip manufacturer whose products are integral to Foxconn's AI server offerings.
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