Foxconn Q4: Chipmaker’s revenue hits $64.72 billion; beats estimates over high AI server demand

Taiwanese giant Foxconn or Hon Hai Precision Industry Co., Ltd beat its revenue estimates for the fourth quarter. The company announced its highest-ever revenue record fueled by strong demand for artificial intelligence (AI) servers, reported the news agency Reuters on Sunday, January 5.

The world’s largest contract electronic maker’s revenues surged 15.2 per cent to $64.72 billion (T$2.13 trillion), according to a company statement released on Sunday, cited by the agency. Foxconn beat the LSEG SmartEstimate of T$2.1 trillion.