Foxconn, also known as Hon Hai, has recorded a significant 26% year-on-year increase in revenue. As the world’s largest contract electronics manufacturer, the company plays a vital role in assembling Apple’s iPhone and producing servers that house chips in data centers.
The company highlighted “momentum for AI server racks” as a key factor behind its rising revenue, according to its monthly report. This development is particularly relevant given the current surge in demand for artificial intelligence (AI) infrastructure.
Foxconn, a crucial partner for Nvidia in its AI expansion, experienced a sharp rise in revenue by 26% year-on-year in November. This growth comes as demand for servers continues to climb amid the AI boom. The Taiwanese company, also known as Hon Hai, holds the title of the world’s largest contract electronics manufacturer. It is responsible for producing servers used in data centers and assembling Apple’s iPhone.
In its monthly revenue report, Foxconn noted “strong growth” in its cloud and networking products. The report specifically pointed to “momentum for AI server racks.” The company reported revenue of NT$844.3 billion ($27 billion) for November.
As a long-standing partner to major global tech companies such as Nvidia and Apple, Foxconn has become a central player in the deployment of AI infrastructure. In May, it was announced that Foxconn would provide infrastructure for a major AI factory in Taiwan, in collaboration with Nvidia and the Taiwanese government. Two months later, Foxconn took a stake in TECO Electric & Machinery Co., a company involved in data center construction.
OpenAI recently announced its intention to collaborate with Foxconn on design work and U.S. manufacturing readiness for next-generation AI infrastructure hardware.
Despite the overall positive trend, Foxconn’s month-on-month revenue saw a slight decline of around 6%. The company attributed this to a minor decrease in its smart consumer electronics segment.
In its business outlook for the fourth quarter, the monthly report stated: “AI server rack shipments continue to ramp up, and ICT products are in peak season in the second half of the year.”
Foxconn’s AI server business has contributed to a 17% year-on-year increase in its third-quarter profits.
The company’s share price has seen a notable rise, jumping 26% since the start of 2025. This follows a 76% increase over the previous 12 months, reflecting investor confidence in Foxconn’s strategic positioning within the AI and technology sectors.