Taiwan-based Foxconn, recognized globally as the largest contract electronics manufacturer and Nvidia’s primary server producer, announced Sunday that its first-quarter revenue surged 29.7% compared to the same period last year, driven by robust artificial intelligence market demand.
The company disclosed that revenue for the January through March period reached T$2.13 trillion, equivalent to $66.60 billion. This figure came close to analyst expectations of T$2.148 trillion, according to LSEG SmartEstimate projections that prioritize forecasts from consistently accurate analysts.
The strong financial performance reflects the growing demand for AI-related technology and services in the global marketplace.
