Taiwan’s Foxconn reported a 29.7% jump in first-quarter revenue, driven by strong demand for artificial intelligence (AI)-related products.
The world’s largest contract electronics maker and key server supplier to Nvidia posted revenue of T$2.13 trillion (US$66.6 billion) for the January–March period.
The figure came in slightly below an LSEG SmartEstimate of T$2.148 trillion, which gives greater weight to forecasts from analysts with stronger track records.
The growth underscores continued momentum in AI-driven demand, particularly in server manufacturing, where Foxconn plays a major role in supplying components and systems for global tech firms.
