Taiwan's Foxconn ,the world's largest contract electronics maker, said on Friday that solid demand from its tech clients would drive strong revenue growth in the first quarter.

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.

Taiwanese tech giant Foxconn reported on Friday a lower-than-expected net profit for 2024 as consumer electronic gadgets underperformed, although demand for its artificial intelligence servers remained robust.