Foxconn

Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics manufacturer, reported record fourth-quarter revenue, driven by robust demand for artificial intelligence (AI) servers. Net profit for the October-December period surged 33% to T$53.1 trillion ($1.7 billion), surpassing the T$43.36 trillion LSEG Smart Estimate and marking the strongest quarterly earnings growth since March 2021. During an investor conference call, Chief Financial Officer David Huang projected the AI server market to expand by 30% annually from 2023 to 2025. This growth, along with

Taiwan’s Foxconn, widely recognized for assembling iPhones, plans to invest more heavily in the United States while focusing on artificial intelligence and electric vehicles. At an investor conference on Thursday, Foxconn chairman Young Liu announced the company’s intention to replicate its success as an electronics contract manufacturer in the electric vehicle sector, even exploring the possibility of building cars for Tesla. Foxconn has already made inroads into E.V. manufacturing through a partnership with U.S.-based Lordstown Motors to produce an SUV

A document from Vietnam’s environment ministry reveals that Shunsin, a subsidiary of Taiwanese giant Foxconn, is seeking approval for an $80 million investment in northern Vietnam aimed at integrated circuit production. The planned facility in Bac Giang province will specialize in manufacturing and processing electronic components, particularly integrated circuit boards. Shunsin intends to commence full-scale operations by December 2026, targeting an annual production capacity of 4.5 million units. The company has not yet responded to Benzinga’s request for comment. Shunsin