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Foxconn, the largest contract electronics manufacturer, expects its AI server revenue to surpass iPhone sales within two years, potentially as early as this year. Chairman Young Liu highlighted strong demand for AI servers, projecting revenue could reach T$1 trillion (US$30.29 billion) by 2025, making up over half of total server revenue. Additionally, revenue from cloud and networking products is anticipated to match that of smart consumer electronics like iPhones in the same timeframe.
Tamil Nadu has offered Foxconn approximately 200 acres of land for a proposed battery energy storage system (BESS) unit, which would be the company's second facility globally. The state is also providing an incentive package to attract the world's largest contract manufacturer of electronics, as discussions are nearing completion. This initiative aligns with Foxconn's strategy to diversify beyond smartphone manufacturing, focusing on electric vehicles and battery production.
Foxconn anticipates that new tariffs from U.S. President-elect Donald Trump will have a lesser impact on its operations compared to competitors, thanks to its extensive global manufacturing footprint. Chairman Young Liu noted that while clients might shift production locations, Foxconn's business model as a contract manufacturer positions it favorably against potential tariff challenges.
Young Liu
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Foxconn predicts AI server revenue to exceed iPhone sales by 2025
02:40 20.03.2025
Tamil Nadu offers land to Foxconn for battery energy storage unit
06:14 27.11.2024
foxconn expects lower tariff impact due to global manufacturing strategy
05:18 27.11.2024
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