Foxconn has just announced record revenue in the first quarter of 2025.

Foxconn, the world's largest contract electronics manufacturer based in Taiwan (China), has just announced record-high first-quarter revenue thanks to strong demand for artificial intelligence (AI)-related products. However, the company also issued a warning about potential risks from the global political and economic situation.

According to an announcement on April 5th, Foxconn's first-quarter revenue reached NT$1.64 trillion (approximately US$49.5 billion), a 24.2% increase year-on-year. This growth was only slightly lower than the NT$1.68 trillion forecast from LSEG SmartEstimate – a forecasting system that prioritizes analysts with high accuracy.

Foxconn stated that its exceptional growth was primarily driven by its cloud and networking products – a sector strongly boosted by AI demand, particularly from major clients such as AI chip manufacturer Nvidia.

Meanwhile, the smart consumer electronics segment, including the iPhone – Apple's flagship product – recorded steady growth compared to the previous year.

According to the report, Foxconn's revenue in March alone reached NT$552.1 billion, a 23.4% increase year-on-year, marking a record high for the company's March figures.

Foxconn forecasts that its revenue in the second quarter will continue to grow both compared to the previous quarter and the same period last year. However, the company said it is closely monitoring the impact of global political and economic developments related to the US recently imposing an additional 34% tariff on Chinese goods, bringing the total new tariffs this year to 54%. Notably, Zhengzhou (China) – home to Foxconn's largest iPhone manufacturing plant in the world – could be affected.

President Trump also imposed a 32% tariff on goods from Taiwan, even though most of Foxconn's manufacturing facilities have now been moved overseas to mitigate supply chain risks.

Last year, Foxconn shares surged 76%, far outpacing the overall 28.5% increase in the Taiwanese stock market. However, year-to-date, the company's stock has fallen 17%, reflecting concerns in the tech market over the volatile trade policies of the Trump administration.

(VNA/Vietnam+)

Source: https://www.vietnamplus.vn/foxconn-vua-cong-bo-dat-doanh-thu-ky-luc-trong-quy-12025-post1024993.vnp