Nvidia partner Foxconn reports 26% revenue spike as AI boom continues

Core Insights - Foxconn, a major manufacturer for Apple and a key partner for Nvidia, experienced a 26% year-on-year revenue increase in November, driven by rising demand for AI servers [1][2] - The company reported a revenue of NT$844.3 billion (approximately $27 billion) for November, highlighting strong growth in its cloud and networking products [2] - Foxconn is actively involved in the development of AI infrastructure, collaborating with Nvidia and the Taiwanese government on a major AI factory project [3] Company Overview - Foxconn, also known as Hon Hai, is the world's largest contract electronics manufacturer, producing servers for data centers and assembling Apple's iPhone [2] - The company has established itself as a key player in the AI infrastructure sector, providing essential components for AI server racks [2][3] Collaborations and Partnerships - In May, Foxconn announced its collaboration with Nvidia and the Taiwanese government to provide infrastructure for a significant AI factory in Taiwan [3] - OpenAI has also partnered with Foxconn to work on design and manufacturing readiness for next-generation AI infrastructure hardware [4]