The logo of multinational technology company Foxconn (also known as Hon Hai), a major manufacturer of Apple products, on April 16, 2025 in Taipei, Taiwan.
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Foxconna key Nvidia Partner in building artificial intelligence, reported a 26% year-over-year revenue increase in November as demand for servers continued to rise amid the AI boom.
The Taiwanese company, also known as Hon Hai, is the world’s largest contract electronics manufacturer and makes and assembles the servers that house chips in data centers Apples iPhone.
Foxconn reported “strong year-over-year growth” for its cloud and networking products in its monthly revenue report on Friday, pointing to “momentum for AI server racks.” For November, the company reported revenue of NT$844.3 billion (US$27 billion).
A long-standing partner of many of the world’s largest technology companies, including Nvidia and Apple, Foxconn has recently emerged as a major player in the adoption of AI infrastructure.
In May, it was announced that the company would provide infrastructure for a large AI factory in Taiwan in collaboration with Nvidia and the Taiwanese government. Two months later, Foxconn announced that it would invest in a data center construction company TECO Electric & Machinery Co.
OpenAI announced last month that it would collaborate with the Taiwanese company on design work and U.S. manufacturing readiness for next-generation AI infrastructure hardware.
Foxconn’s monthly revenue fell about 6%, with the company pointing out that its smart consumer electronics segment was declining slightly.
“Shipments of AI server racks continue to increase and ICT products are in peak season in the second half of the year,” the monthly report said in its fourth quarter business outlook.
The company said in November that growth in its AI server business led to a 17% year-over-year increase in third-quarter profit.
Foxconn’s share price has risen 26% since the start of 2025, after rising 76% in the last 12 months.
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