Foxconn

Foxconn Chair Young Liu says the company will spend $2B to $3B per year in AI in the next three to five years and is discussing potential investments with Japan

Foxconn's AI server business surged 60%+ YoY in Q2, surpassing revenue from Apple-related products for the first time, and is projected to grow 170%+ YoY in Q3

Update Reuters : AI demand propels electronics giant Foxconn's second-quarter profit Grace Priscilla Teo / Tech in Asia : Foxconn Q2 profit jumps 27% on booming AI server demand Kathrin Hille / Financ...

At Foxconn's shareholder conference, Chair Young Liu says 2025 revenue is set to reach ~$234B due to AI, and reassures shareholders amid US tariff uncertainty

The company has been diversifying its businesses, growing its footprint in areas like AI servers and electric vehicles

Taiwan is ramping up its defense drone push with help from startups like Coretronic, as giants like TSMC and Foxconn hold back due to a smaller local market

Bloomberg :

Sources: Foxconn plans to assemble 25M to 30M iPhones in India in 2025, up from ~12M in 2024, and is conducting production trials at its new Bengaluru plant

Dia Rekhi / The Economic Times :

Foxconn says revenue from cloud and networking, including AI servers, made up 26% of its Q4 revenue and will almost catch up with consumer electronics in 2025

Sherry Qin / Wall Street Journal :

Foxconn reports Q3 revenue up 20% YoY to a record ~$57.01B, a ~$1.5B net income, vs. ~$1.41B est., and expects half of its server orders in 2025 to be for AI

- Both beat quarterly profit estimates thanks to AI servers  — Hon Hai cloud products to match mobile phone sales in 2025

Sources: Apple has asked Foxconn to produce AI servers in Taiwan using Apple silicon, but Foxconn's capacity is limited by demand for Nvidia's GB200 servers

Nikkei Asia :

Sources: Apple plans to make the most expensive iPhone models in India for the first time, as Foxconn rushes to produce iPhone 16 Pro and 16 Pro Max in India

- Plan shows Apple making further progress with India assembly  — Company is shifting output to India to diversify beyond China

Foxconn says it will only start shipping a small volume of servers with Nvidia's next-gen GB200 chips in Q4 2024, before ramping up significantly in Q1 2025

Bloomberg :