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Foxconn's main biz shifts from Apple, as it taps AI boom
Mint New Delhi
|August 19, 2025
Consumer electronics accounted for 35% of Foxconn's total revenue in the second quarter
Taiwan's Foxconn, which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main business is no longer Apple as it takes advantage of the AI boom to diversify its income.
Its revenue from making AI servers and other cloud and networking products, including for major customer Nvidia, surpassed smart consumer products such as iPhones for the first time in the second quarter, marking the culmination of a shift that began years ago and has swept through Taiwan's tech industry.
Denne historien er fra August 19, 2025-utgaven av Mint New Delhi.
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