Taiwan's Foxconn, the world's largest contract electronics maker, forecast strong revenue growth in the first quarter after reporting a surprise 13% drop in fourth-quarter profit. Foxconn, whose businesses include manufacturing iPhones for Apple and artificial intelligence servers for Nvidia,

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.

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.