For the first quarter of 2025, Foxconn said its AI server revenue is expected to grow more than 100% both quarter-on-quarter and year-over-year. "As the GB200 enters mass production, we believe AI server revenue will improve quarter by quarter," said the company.

Foxconn has expanded its footprint into high-growth tech sectors like AI and EVs in recent years as its core electronics manufacturing business faces challenges due to industry shifts.

The upbeat forecast contrasts with a cautious note struck by many other businesses and underscores that booming demand for AI is not over yet and would further drive hardware sales