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Investing.com -- Hon Hai (TW:2317) Precision Industry Co., better known as Foxconn (SS:601138), has reported a 25% increase in its revenue for the first two months of 2025. This rise quickens from the growth rate of the previous year and reflects an expanding demand for AI computing.
Foxconn, a key supplier of Nvidia Corp . (NASDAQ:NVDA) AI servers and Apple Inc (NASDAQ:AAPL). iPhones, reported sales of NT$1.1 trillion ($33.5 billion) for January and February. This growth rate is a significant acceleration from the 11% growth pace it experienced in 2024.
On average, analysts predict a 22% revenue increase to NT$1.6 trillion for the first quarter.
The acceleration in Foxconn’s growth comes after Nvidia’s announcement last week. Nvidia disclosed $11 billion in quarterly revenue from its most advanced Blackwell chip, which it described as the fastest product ramp in the company’s history.
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