The world’s largest contract electronics manufacturer — known for assembling Apple’s iPhones — saw particularly strong performance in its cloud and networking products division, supported by demand from customers including Nvidia.
December revenue reached T$654.8 billion, up 42.3% year-over-year and marking the second-highest December in company history.
Consumer electronics revenue, including iPhone assembly, remained relatively flat compared to the previous year.
Looking ahead, Foxconn expects first-quarter 2025 performance to follow seasonal patterns while showing “significant growth” compared to the same period last year.
The company will release complete Q4 earnings on March 14.
Foxconn shares gained 76% in 2024, substantially outperforming Taiwan’s broader market increase of 28.5%.
Foxconn’s results highlight the continued strength of AI infrastructure demand while suggesting steady but not growing consumer electronics production.
