- Foxconn Q1 revenue jumps 30% on AI tailwinds; cautions on Middle East "volatility"
Apr 5, 2026
Investing.com -- Foxconn Technology Co Ltd (TW:2354), the world’s largest contract electronics manufacturer, reported a robust 29.7% year-on-year surge in first-quarter revenue on Sunday, fueled by relentless demand for artificial intelligence infrastructure.
However, the Apple Inc (NASDAQ:AAPL) and NVIDIA Corporation (NASDAQ:NVDA) partner tempered the upbeat results with a cautious outlook, citing the "volatile" global political climate, specifically the ongoing conflict in the Middle East, as a primary headwind for the remainder of 2026.
AI servers and iPhones drive record March
Revenue for the quarter hit T2.13 trillion ($66.60 billion), narrowly missing the T$2.148 trillion LSEG SmartEstimate but still representing a significant expansion. The growth was spearheaded by the cloud and networking division, which benefited from the global build-out of AI data centers.
Meanwhile, the "smart consumer electronics" segment, which includes the iPhone, saw "significant" growth following recent product launches. March alone marked a historic high for the month, with revenue skyrocketing 45.6% to T803.7 billion.
The company, formally known as Hon Hai Precision Industry (TW: 2317), expects the momentum in AI racks to persist through the second quarter.
Despite the operational strength, Chairman Young Liu has identified the geopolitical "straitjacket" caused by the war in the Middle East as the company’s most formidable external challenge.
The conflict’s impact on global logistics and economic stability remains a critical "monitor" item for the firm as it nears its full earnings release on May 14.
Market divergence and geopolitical discount
Despite the double-digit revenue growth, Foxconn’s stock has struggled to capture the broader market’s enthusiasm. Shares have retreated 16% so far this year, significantly underperforming the 12% gain seen in the wider Taiwan benchmark.
The divergence likely reflects investor anxiety over the firm’s exposure to global supply chain disruptions and the potential for a "non-linear" economic slowdown in key markets like the UK and Europe.
Taiwan’s markets are set to resume trading on Tuesday following a holiday break. Investors will be looking to see if the record March figures can overcome the "geopolitical discount" currently applied to the stock.
As the conflict in the Middle East reaches a "mid-April breaking point," Foxconn’s ability to navigate volatile shipping routes and maintain its AI-driven margin expansion will be central to its 2026 valuation.
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- We Got Rare Access to the U.S. Factories Making Apple’s Chips
Feb 24, 2026
Apple is helping to bring chip manufacturing back to the U.S. To find out how far the company still has to go, WSJ’s Rolfe Winkler went on an exclusive, behind-the-scenes visit to several of the company’s suppliers in the Southwest.
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- Apple Wins Key Tax Break in India, Clearing Path for Expansion
Feb 2, 2026
This article first appeared on GuruFocus.
Apple Inc. (AAPL, Financials) received a major policy boost in India after the government approved a tax exemption allowing foreign companies to supply manufacturing equipment to local contract partners without creating a taxable business connection.
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The new rule, part of India's 2026 27 federal budget, applies through the 203031 tax year to companies operating within customs bonded areas designated export zones considered outside India's domestic customs border. The change means Apple can fund high-end iPhone production machinery for its partners such as Foxconn Technology and Tata without incurring local income tax exposure.
Apple had lobbied New Delhi for months to revise the tax framework, arguing that ownership of imported machinery could otherwise be interpreted as taxable business activity.
Analysts say the move could accelerate Apple's expansion of iPhone manufacturing in India and ease capital costs for its suppliers. India's finance ministry said the exemption gives certainty to global firms investing in the country's export manufacturing sector.
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- SoftBank buys another chipmaker, Uber's robotaxi expansion, and China's AI: Trending stocks
Nov 26, 2025
OpenAI investor SoftBank (9984.T) acquires Ampere computing. Uber (UBER) teams up with WeRide (WRD) to launch robotaxis in Abu Dhabi. China's Alibaba (BABA, 9988.HK) touts 10 million downloads in one week for its AI app Qwen. Iphone maker Foxconn (2354.TW) gets a greenlight to invest in its Wisconsin facility.
For more live coverage of the markets, watch the full episode of Market Sunrise and visit Yahoo Finance.
Video Transcript
00:00 Speaker A
Well, here are four stock stories heating up ahead of the opening bell on Wall Street. First up, Softbank and Ampere.
00:08 Speaker A
Softbank is a major backer of Open AI, and you may remember it already owns one of the world's biggest players in chip design, Arm.
00:15 Speaker A
And now it's adding Ampere computing to its adventurous portfolio.
00:20 Speaker A
Softbank just closed its six and a half billion dollar acquisition of Ampere computing, the US chip designer building energy efficient arm-based CPUs for cloud and AI workloads.
00:30 Speaker A
Now, Softbank's play is clear. Besides AI stocks, the Japanese investment giant is now betting on owning the hardware backbone for the next gen AI and data center compute.
00:39 Speaker A
Just keep in mind it's one of the most volatile stocks out there.
00:43 Speaker A
Okay, next up, Uber is launching its first fully autonomous taxis outside of the United States, and that's happening in Abu Dhabi.
00:51 Speaker A
Now, Uber has teamed up with China's autonomous driving firm We Ride to make its first bold international move in this space. And that gives us a hint of what what might be next.
01:00 Speaker A
Third, Alibaba, the Chinese giant beat courtly revenue forecast with a strong performance in cloud and AI related services, even as profits took a hit from aggressive expansion investment.
01:09 Speaker A
It's recently launched Qu AI platform, which got 10 million downloads in one week. Well, to me, that looks like a signal that Alibaba may be quietly building a global AI and cloud stack to challenge Western AI players.
01:21 Speaker A
Of course, there's lots of caveats there. Alibaba isn't new to meteoric meteoric rises and falls.
01:28 Speaker A
Finally, Foxconn is looking to step up investment in the United States. The Taiwanese manufacturing giant got approval for a $569 million investment to expand its AI server hardware operations in Wisconsin.
01:36 Speaker A
Now, Foxconn is now making way more than our devices including iPhones and PlayStations. It's now going full steam ahead on AI infrastructure and hardware.
01:45 Speaker A
Bottom line, the race for AI from infrastructure to robot applications is only intensifying here. It's going to be interesting to see who will come out ahead.
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- Foxconn Secures Approval to Invest Additional $569 Million in Wisconsin
Nov 26, 2025
Foxconn Technology has secured approval to invest an additional $569 million in Wisconsin to build artificial-intelligence infrastructure.
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- OpenAI, Foxconn Team Up To Build U.S. AI Hardware
Nov 21, 2025
This article first appeared on GuruFocus.
Microsoft (NASDAQ:MSFT) backed OpenAI (OPENAI) is taking a big swing at reshaping the U.S. AI hardware landscape, teaming up with Foxconn Technology (FXCOF), the well-known Apple manufacturing partner. The idea is simple: build more of the core equipment for OpenAI's growing network of data centers right here in the United States.
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In this new partnership, OpenAI will lay out what future AI hardware needs to look like, and Foxconn will use that guidance to design and produce multiple generations of AI servers at the same time. Foxconn plans to manufacture everything from cooling and cabling to networking and power systems at its facilities across Wisconsin, Ohio, Texas, Virginia and Indiana.
There's no upfront purchase commitment from OpenAI, but the company will get early access to review the systems and the option to buy them once ready. Both sides say the goal is to speed up AI deployment while tightening up the U.S. supply chain.
Foxconn said the collaboration blends OpenAI's vision for next-gen AI hardware with its own ability to build at massive scale. Sam Altman called the deal a step toward ensuring the core technologies of the AI era are built here at home.
With AI demand exploding, whoever secures reliable U.S. manufacturing first will hold a major advantage. Now the focus shifts to how quickly Foxconn can start turning out U.S.-built AI systems.
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- AAPL: Apple Supplier Foxconn Sees AI Surge Driving 2026 Growth
Nov 12, 2025
This article first appeared on GuruFocus.
Foxconn Technology (FXCOF) expects AI-related demand to drive growth in 2026, while teasing an upcoming announcement linked to OpenAI.
The Apple (NASDAQ:AAPL) assembler posted third-quarter revenue of NT$2.059 trillion, up 11% year-on-year. Net profit attributable to the parent company rose 17% to NT$57.67 billion ($1.89 billion), exceeding analyst estimates of NT$50.4 billion, Reuters reported.
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Chairman Young Liu said AI adoption will become a major focus next year, though geopolitical and currency risks remain. He noted that Nvidia (NVDA) remains a key customer.
Foxconn's cloud and networking segment, including AI servers, now accounts for 42% of revenue, slightly up from 41% last quarter. AI server rack shipments jumped 300% quarter-on-quarter, pushing cumulative AI server revenue to trillion-dollar scale ahead of schedule.
The company expects next-generation AI server shipments to maintain double-digit sequential growth in Q4. Meanwhile, smart consumer electronics grew modestly, reflecting the seasonal ICT peak.
Foxconn will reveal details on its OpenAI initiative at Hon Hai Tech Day on Nov. 2122 in Taipei.
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- Foxconn, On Running, Circle: Market Movers
Nov 12, 2025
The world's largest contract electronics manufacturer is no longer "just" the iPhone (AAPL) maker: Foxconn's (FITGF, 2354.TW, 0FJ.SG, 0FJ.F, FXCOF) profits topped estimates as it expands into making AI servers for the likes of Nvidia (NVDA) and Amazon (AMZN). Ramzan Karmali breaks down the latest earnings from the Taiwanese conglomerate and other companies including On Holding (ONON) and Circle (CRCL).
For more live coverage of the markets, watch the full episode of Market Sunrise and visit Yahoo Finance.
Video Transcript
00:05 Speaker A
Well, we're going to focus on some earnings now.
00:08 Speaker A
And first up on Holdings Q3 results have topped forecasts and just look at what that's done to its share price in the pre-market. Up there nearly 9%.
00:19 Speaker A
The company also raised its full-year outlook with the CEO saying sales momentum is strong heading into that crucial holiday period.
00:26 Speaker A
Now the Swiss-based sportswear firm now expects net sales to be up at least 34% year-over-year.
00:32 Speaker A
Its revenue over Q3 came in at $993 million with earnings per share of 54 cents.
00:39 Speaker A
Okay, next up, Circle Internet Group. It's reported Q3 revenue that exceeded expectations.
00:44 Speaker A
The amount of its USDC stable coin in circulation more than doubled from a year ago to around $75 billion now.
00:52 Speaker A
Revenue was up 66% to $740 million.
00:56 Speaker A
Remember, Circle only went public in June and its share price rocketed soon after it launched that IP IPO.
01:03 Speaker A
Now, but just last quarter, remember Circle reported a net loss of $4.48 per share. So quite a turnaround.
01:10 Speaker A
And finally, the Apple and Nvidia supplier Foxconn is reported as well. The Taiwanese company is the world's largest contract electronics maker, and its profits topped estimates amid robust AI server business, and it expects a strong year ahead as AI computing demand continues along its, well, frankly explosive path.
01:25 Speaker A
The company in the past has been best known for assembling Apple's iPhones, but it also makes AI servers for both Nvidia and Amazon.
01:32 Speaker A
It's also revealed that it will now collaborate with Open AI too.
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- Foxconn’s Recall of More Chinese Staff Tests Apple’s India Push
Aug 23, 2025
A manufacturing facility operated by Bharat FIH, a unit of Foxconn Technology Group, in Sriperumbudur, Tamil Nadu, India.
(Bloomberg) -- Apple Inc. assembly partner Foxconn Technology Group has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country.
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The extraction of Chinese workers from the factory of Yuzhan Technology, a Foxconn component unit, in southern Tamil Nadu state is the second such move in a few months. Foxconn has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named as the information is private.
Earlier this year, officials in Beijing verbally encouraged regulatory agencies and local governments to curb technology transfers and equipment exports to India and Southeast Asia in what is a potential attempt to prevent companies from shifting manufacturing elsewhere. It wasn’t immediately clear why the Foxconn workers were sent home, but the move yet again underscores the sway that Chinese technicians and supply chain hold over the manufacturing of high-precision engineered products such as Apple’s iPhone.
The Economic Times earlier reported that Yuzhan’s Chinese staff were leaving. Last month, Bloomberg News reported that Foxconn had asked hundreds of Chinese engineers and technicians to return home from its iPhone factories in India.
The Yuzhan factory makes enclosures, or metal cases, and display modules for older iPhone models and isn’t working on the latest iPhone 17 line as yet. It began production just months ago, and Apple still imports a bulk of its displays, the people said.
Apple and Foxconn representatives didn’t respond to requests for comment.
For now, Apple can step up display imports and lean on other local suppliers for enclosures. But the removal of experienced Chinese staff threatens to dent the US tech giant’s efforts to rapidly localize its supply chain in India.
Apple has taken a conscious decision to work with Indian suppliers and hasn’t brought in any significant Chinese partners to the South Asian country. Its local partnerships include a growing reliance on conglomerate Tata Group’s electronics manufacturing arm — the only Indian iPhone assembler. While Chinese suppliers have built iPhones for nearly two decades, Indian suppliers sometimes still go through teething problems.
Story Continues
A thaw in the frosty relationship between India and China could help Apple, automakers and other local manufacturers. China has assured India of supplies of rare earth minerals and tunnel-boring machines but discussions are yet to bear results.
Cupertino, California-based Apple is producing all four iPhone 17 models in India ahead of their debut next month, marking the first time that all new variations — including pro-level versions — will ship from the South Asian country from the get-go.
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- Foxconn unit invests US$30 million in Hong Kong-based Robocore
Aug 21, 2025
A unit of Foxconn Technology Group, the world's largest electronics contract manufacturer, is investing US$30 million in Hong Kong-based Robocore Technology, marking the Taiwanese company's foray into the smart robotics market.
Foxconn Technology - an independently listed firm in Taipei that is 9.88 per cent owned by the Apple and Nvidia supplier - made the investment as part of the recently completed Series D funding round of Robocore, which is headquartered in the Hong Kong Science Park.
"This is more than a capital injection - it's an affirmation of our company's future prospects," Robocore founder and CEO Roy Lim Long-hei said in a statement on Wednesday.
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Foxconn Technology's manufacturing capabilities and supply chain network would enable Robocore to accelerate growth and "expand into new markets", Lim said. The deal was also expected to help Robocore eventually initiate an initial public offering in the US within the next five years, he added.
The smart robotics outlay reflects the efforts of parent Foxconn, which trades as Hon Hai Precision Industry on the Taiwan Stock Exchange, to diversify its business from smartphones to AI servers and other cloud and networking products.
Robocore designs, develops and manufactures programmable service robots for use in the healthcare, education, consumer and smart facility management markets. Its Israel-based subsidiary, RoboTemi Global, is the developer of the artificial intelligence-enabled temi robot, a smart personal assistant for the home.
The Foxconn Technology investment in Robocore would also provide a boost to Hong Kong's push to become an innovation and technology hub.
A range of smart, programmable service robots designed and developed by Robocore Technology. Photo: Handout alt=A range of smart, programmable service robots designed and developed by Robocore Technology. Photo: Handout>
The Foxconn unit's transaction will see the firm make an initial US$10 million investment to acquire a 6.6 per cent equity stake in RoboTemi Global. Two subsequent tranches of US$10 million each will be exercised on the following two anniversaries of the initial investment, according to Robocore.
Overall proceeds from its latest funding round will be primarily used to strengthen Robocore's telemedicine business in the US, Europe and Japan, according to the company.
Story Continues
Other focus areas include the launch of new products in mainland China's consumer market, and expanding global sales and marketing operations.
"Right now, our production is split about 50-50 between Dongguan and Taiwan," Lim said in an emailed statement to the Post. "The Taiwan site is ramping up quickly, mainly to support the US healthcare and medical market. The [US] tariffs make Taiwan production more attractive."
Robocore founder and CEO Roy Lim Long-hei. Photo: SCMP alt=Robocore founder and CEO Roy Lim Long-hei. Photo: SCMP>
With the Foxconn unit's support, Robocore said it expected to achieve three-fold revenue growth over the next three years, with an eye on a five-fold increase by 2028. Currently, its main markets are the US, Hong Kong and the mainland.
According to Robocore, its products are deployed at nearly 20,000 client sites worldwide. In the US alone, its service robots are found in 5,000 sites spanning hospitals, elderly homes, retail chains and households.
In New York State alone, more than 200 elderly homes use its temi robots to assist doctors in completing remote diagnoses within two minutes, which reduces insurance costs and improves medical coverage rates.
Lim said there were now about 720 Robocore service robots deployed across 38 public hospitals in Hong Kong.
"We're now focusing on expanding internationally, using Hong Kong as a strong reference case," he said.
This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.
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