Foxconn predicts AI server revenue will surpass iPhone revenue within two years, possibly as soon as this year. As a key Nvidia supplier, Foxconn is capitalizing on booming AI demand, with AI servers set to make up over half of its total server revenue in 2024.
Taiwan’s Foxconn, the world’s largest contract electronics manufacturer and Apple’s primary iPhone supplier, anticipates that its server revenue will surpass its iPhone revenue within two years. According to Taiwan’s Central News Agency, Foxconn Chairman Young Liu suggested this shift could even occur as early as this year.
Foxconn plays a pivotal role in manufacturing Nvidia’s latest artificial intelligence servers, including the GB200 and GB300 series. Liu confirmed that while Foxconn does not produce all Nvidia systems, it handles the majority of them. Speaking on a live podcast at Nvidia’s GTC developer conference, Liu reaffirmed the company’s strong position in the AI server market.
In its recent earnings call, Foxconn projected its AI server revenue to reach T$1 trillion ($30.29 billion) in 2024, making up over half of its total server revenue. The company’s cloud and networking revenue is set to rival that of its smart consumer electronics division, which includes iPhones. In 2024, 30% of Foxconn’s revenue stemmed from cloud and networking products, while 46% came from smart consumer electronics. This shift underscores the growing demand for AI infrastructure worldwide.
Nearly 39,000 people have been deported to Mexico since U.S. President Donald Trump took office, and 33,000 of them are Mexican nationals, President Claudia Sheinbaum said Tuesday.
Prince William and Princess Kate marked their 14th wedding anniversary Tuesday with a rare joint appearance on Mull and Iona, their first major public trip since the princess’s cancer treatment.
Estonia’s defense minister Hanno Pevkur says the U.S. will keep its 80,000 troops in Europe, calling bases like Ramstein and Naples crucial to NATO’s eastern shield and American power projection despite Washington’s growing Indo-Pacific focus.
Mark Carney walked into the Prime Minister’s Office on Wellington Street Tuesday morning, his first official act after steering the Liberals to a decisive election triumph and reclaiming the reins of Canada’s government.
Japanese Prime Minister Ishiba Shigeru and Philippine President Ferdinand Marcos Jr. agreed Tuesday to enhance economic and defense cooperation, affirming their opposition to any unilateral attempts to change the status quo in the East and South China Seas through force or coercion.
Nearly 39,000 people have been deported to Mexico since U.S. President Donald Trump took office, and 33,000 of them are Mexican nationals, President Claudia Sheinbaum said Tuesday.
Prince William and Princess Kate marked their 14th wedding anniversary Tuesday with a rare joint appearance on Mull and Iona, their first major public trip since the princess’s cancer treatment.
Estonia’s defense minister Hanno Pevkur says the U.S. will keep its 80,000 troops in Europe, calling bases like Ramstein and Naples crucial to NATO’s eastern shield and American power projection despite Washington’s growing Indo-Pacific focus.
Mark Carney walked into the Prime Minister’s Office on Wellington Street Tuesday morning, his first official act after steering the Liberals to a decisive election triumph and reclaiming the reins of Canada’s government.
Japanese Prime Minister Ishiba Shigeru and Philippine President Ferdinand Marcos Jr. agreed Tuesday to enhance economic and defense cooperation, affirming their opposition to any unilateral attempts to change the status quo in the East and South China Seas through force or coercion.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
In an expansive interview marking his first 100 days back in office, President Donald Trump sketched out an agenda that touches everything from punitive tariffs and China policy to cease-fire hopes in Ukraine and an overhaul of domestic programmes. Below are the highlights.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 23rd, covering the latest developments you need to know.
For three generations, the Liebigs built railcars in Görlitz. Now, the factory that shaped their lives will produce parts for battle tanks.
A deadly explosion at Iran’s Bandar Abbas port has left at least 40 dead, with more than 1,200 people injured, state media reported on Sunday, halting operations at one of the country’s most vital trade hubs.
Online retail platform Temu has begun adding steep “import charges” of around 145% to orders shipped to the United States, a direct response to President Donald Trump’s newly imposed tariffs on Chinese goods, CNBC reported.
Saudi Arabia and Qatar have agreed to settle Syria's $15 million arrears with the World Bank, allowing the institution to resume grants for the country's reconstruction and support for its public sector.
IMF and World Bank meetings in Washington left global finance leaders with more questions than answers on the economic impact of U.S. tariffs. Discussions on trade and debt concerns highlighted growing uncertainty, as markets worry about the broader economic fallout.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Uzbekistan and Iran have agreed to establish a Joint Business Council aimed at fostering development of business ties and facilitating the resolution of issues between entrepreneurs from both countries.
Nearly 39,000 people have been deported to Mexico since U.S. President Donald Trump took office, and 33,000 of them are Mexican nationals, President Claudia Sheinbaum said Tuesday.
Prince William and Princess Kate marked their 14th wedding anniversary Tuesday with a rare joint appearance on Mull and Iona, their first major public trip since the princess’s cancer treatment.
Estonia’s defense minister Hanno Pevkur says the U.S. will keep its 80,000 troops in Europe, calling bases like Ramstein and Naples crucial to NATO’s eastern shield and American power projection despite Washington’s growing Indo-Pacific focus.
Mark Carney walked into the Prime Minister’s Office on Wellington Street Tuesday morning, his first official act after steering the Liberals to a decisive election triumph and reclaiming the reins of Canada’s government.
Japanese Prime Minister Ishiba Shigeru and Philippine President Ferdinand Marcos Jr. agreed Tuesday to enhance economic and defense cooperation, affirming their opposition to any unilateral attempts to change the status quo in the East and South China Seas through force or coercion.
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