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.
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U.S. President Donald Trump signed an executive order on Monday ending the U.S. sanctions programme on Syria, the White House confirmed.
President Donald Trump is expected to sign an executive order on Monday formally ending U.S. sanctions on Syria, in a major foreign policy reversal that follows a series of diplomatic overtures between Washington and Damascus.
Türkiye will host the 2026 NATO leaders summit in Ankara, President Recep Tayyip Erdogan announced on Monday, saying the country is preparing the groundwork for what he described as “very important” decisions.
Two Azerbaijani brothers killed in a Russian security raid in Yekaterinburg are being returned home, sparking outrage and urgent calls for justice amid allegations of abuse and ethnic profiling.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Gold prices edged higher on Monday after slipping to their lowest level in more than a month, supported by a weakening U.S. dollar and easing geopolitical tensions that have tempered safe-haven demand.
The French Riviera town of Cannes will restrict large cruise ships from docking starting from January 2026, as part of new efforts to manage over tourism and protect local infrastructure.
Polish refiner Orlen will not buy Russian oil for its Czech refinery after 30 June, Chief Executive Ireneusz Fafara said on Monday. "We freed Central Europe from Russian oil today," Fafara stated.
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Oil prices fell on Monday as an easing of geopolitical risks in the Middle East and the prospect of another OPEC+ output hike in August improved supply expectations amid persistent uncertainty over the outlook for global demand.
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