Foxconn’s Apple era fades as AI servers drive growth in Taiwan tech sector

TAIPEI: Taiwan’s Foxconn, which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main business is no longer Apple as it takes advantage of the AI-boom to diversify its income.

Its revenue from making AI servers and other cloud and networking products, including for major customer Nvidia , surpassed smart consumer products such as iPhones for the first time in the second quarter, marking the culmination of a shift that began years ago and has swept through Taiwan’s tech industry.