In accordance with The Tokenist, Foxconn has announced record-breaking revenue figures for the fourth quarter of 2024, reaching NT$2.132 trillion, approximately $64.75 billion. This marks a 15% increase from the previous year, driven by the growing demand for AI servers. Despite a slight decline in the smart consumer electronics segment, Foxconn's overall annual sales rose by 11% to NT$6.860 trillion. The company anticipates continued growth in the first quarter of 2025, even as it approaches the traditionally slower season. Meanwhile, Nvidia is preparing to unveil its next-generation RTX 5000 graphics cards at CES 2025, featuring advanced gaming and AI capabilities. The stock market has also seen notable activity, with companies like MU, SMCI, NVDA, and TSM experiencing significant stock movements.
Foxconn Reports Record $64.75B Revenue Amid AI Server Demand
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