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.
A passenger boat caught fire and capsized late Tuesday on the Congo River, killing at least 50 people and leaving hundreds more missing, officials confirmed Wednesday. The tragedy occurred near the northwestern town of Mbandaka in the Democratic Republic of the Congo.
The Chinese and Vietnamese navies have launched a week-long joint patrol in the Gulf of Tonkin, a move aimed at deepening maritime cooperation between the two countries.
Finnish power grid operator Fingrid announced on Wednesday that repairs to the damaged EstLink 2 subsea power line, which connects Finland and Estonia, will begin in May, with the line expected to return to commercial use by July 15, 2025.
U.S. President Donald Trump has signed an executive order directing the Secretary of Commerce to launch an investigation into the country’s heavy reliance on imported critical minerals.
Kyrgyz President Sadyr Japarov has postponed the next presidential election by several months, fueling speculation about his intention to seek a second term. The move allows him to complete his full six-year mandate and marks a potential shift toward greater political consolidation.
Türkiye has firmly rejected Greece's unilateral actions and claims regarding maritime spatial planning (MSP) in the Aegean Sea and Eastern Mediterranean, asserting that these actions will have no legal consequences for Ankara.
A passenger boat caught fire and capsized late Tuesday on the Congo River, killing at least 50 people and leaving hundreds more missing, officials confirmed Wednesday. The tragedy occurred near the northwestern town of Mbandaka in the Democratic Republic of the Congo.
A new wave of attacks targeting French prisons has emerged overnight, with cars set on fire at several facilities, including at the Tarascon prison in southern France.
Iranian Foreign Minister Abbas Araqchi is set to visit Russia on Thursday, ahead of a second round of talks between Tehran and the United States regarding Iran's nuclear program. According to Russia’s RIA state news agency, Araqchi will meet with senior Russian officials during the visit.
A small plane crashed near Kopake, New York, on April 13, killing at 6 people. The Mitsubishi MU-2B aircraft, carrying six people, went down under unclear circumstances. This marks the second aviation accident in New York in a week, raising safety concerns.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 10th, covering the latest developments you need to know.
A quiet Thursday afternoon at St. Peter’s Basilica turned into something extraordinary, as visitors caught a rare glimpse of Pope Francis — not in his familiar white papal robes, but dressed in black trousers and a striped blanket.
In a dramatic about-face, U.S. President Donald Trump on Wednesday announced a 90-day pause on newly implemented tariffs for dozens of countries — a move that eased market turmoil but further escalated tensions with China.
Several regions in Ukraine faced heightened alert on Palm Sunday, as reports of explosions and missile threats drew public attention and official responses.
China is tightening regulations on battery-powered vehicles and will require its automakers to comply with higher battery safety standards, aiming to reduce risks of fire and explosions in the fast-growing sector.
A freight train loaded with steel products, air conditioners, and other goods departed Wujiashan Station in Wuhan, marking the official launch of a regular freight service connecting central China with Central Asia.
Crude oil prices inched higher on global exchanges, reflecting cautious optimism amid ongoing market fluctuations.
Industrial production in the eurozone rose by 1.1% month-on-month in February, outperforming expectations, according to data released by Eurostat on Tuesday. Analysts had forecasted a modest 0.1% increase.
Tehran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2025) that will be held from May 8 to 11 is set to become the largest energy trade event in West Asia, - said Iran’s Deputy Oil Minister for International Affairs and Trade.
Kyrgyz President Sadyr Japarov has postponed the next presidential election by several months, fueling speculation about his intention to seek a second term. The move allows him to complete his full six-year mandate and marks a potential shift toward greater political consolidation.
Türkiye has firmly rejected Greece's unilateral actions and claims regarding maritime spatial planning (MSP) in the Aegean Sea and Eastern Mediterranean, asserting that these actions will have no legal consequences for Ankara.
A passenger boat caught fire and capsized late Tuesday on the Congo River, killing at least 50 people and leaving hundreds more missing, officials confirmed Wednesday. The tragedy occurred near the northwestern town of Mbandaka in the Democratic Republic of the Congo.
A new wave of attacks targeting French prisons has emerged overnight, with cars set on fire at several facilities, including at the Tarascon prison in southern France.
Iranian Foreign Minister Abbas Araqchi is set to visit Russia on Thursday, ahead of a second round of talks between Tehran and the United States regarding Iran's nuclear program. According to Russia’s RIA state news agency, Araqchi will meet with senior Russian officials during the visit.
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