Taiwan tech giant Foxconn posts 24% jump in annual net profit
The Hindu
The booming market for artificial intelligence servers brought Taiwan's Foxconn a 24 percent jump in annual net profit, the company said
The booming market for artificial intelligence servers brought Taiwan's Foxconn a 24 percent jump in annual net profit, the company said Monday, forecasting continued strong demand for the hardware.
The world's largest contract electronics manufacturer, also known by its official name Hon Hai Precision Industry, called AI the "core driving force" of its business.
Foxconn has gone beyond assembling low-margin Apple iPhones to making AI servers for Nvidia along with electric vehicles and robotics.
It's a move that is paying off as tech firms worldwide race to spend big on training and deploying rapidly evolving AI systems.
In 2025, net profit came to NT$189.4 billion ($5.9 billion), up from NT$152.7 billion in 2024, Foxconn said.
Revenue jumped 18 percent on-year to NT$8.1 trillion, just beating the estimates of a Bloomberg survey of economists.
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