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AI News from ET - Foxconn beats estimates with record fourth-quarter revenue on AI demand

Vishwadeep Khatri
in AI News & Two Lenses

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Foxconn, the world's largest contract electronics maker, recorded its highest-ever fourth-quarter revenue of T$2.13 trillion, driven by robust demand for AI servers. This surpassed expectations, marking a 15.2% increase. The company forecasts that its first-quarter performance in 2025 will align with its five-year average, showing significant year-on-year growth.

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