Foxconn’s Q4 revenue jumps 22% to record high on AI demand

TAIPEI: Taiwan’s Foxconn, the ‍world’s largest contract electronics maker, reported record fourth-quarter revenue on Monday, driven by strong ⁠demand for artificial intelligence products.

Revenue for Nvidia’s biggest server maker and Apple’s top iPhone assembler jumped 22.07% from the same quarter last year to T$2.6028 trillion ($82.73 ‌billion), Foxconn said ‌in a statement.

The results exceeded the T$2.418 trillion LSEG SmartEstimate, which gives greater ‌weight to forecasts from analysts who are more consistently accurate.