Foxconn first-quarter revenue jumps, company cautions on geopolitics

TAIPEI: Taiwan’s Foxconn, the world’s largest contract electronics maker, reported a 29.7% on-year rise in first-quarter revenue on strong demand for artificial intelligence products, though it cautioned about “volatile” ‌global politics.

Revenue ⁠for ⁠Nvidia’s biggest server maker and Apple’s top iPhone assembler jumped to T$2.13 trillion ($66.60 billion), Foxconn said in a statement on Sunday.

That was slightly below the T$2.148 trillion LSEG SmartEstimate, which gives greater weight to forecasts from analysts who are more consistently accurate.