By Kathrin Hille
Publication Date: 2025-11-12 06:51:00
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Nvidia supplier Foxconn said revenue from artificial intelligence server production would almost double from this quarter to the next due to intense demand, in a signal of a sustained data centre boom.
AI server revenues were expected to grow by a “high double-digit” percentage in the fourth quarter compared with the previous three months, Foxconn’s chair Young Liu told investors on Wednesday.
Liu added that doubling AI server shipments industry-wide next year was a “conservative estimate” as applications for the technology expand and result in “explosive growth”.
Foxconn, the world’s largest contract electronics manufacturer, reported a 17 per cent increase in net profit to NT$57.7bn (US$1.9bn) for the three months to September 30 compared with the same period last year on NT$2.1tn in revenue.
The Taiwanese company makes everything from iPhones to electric vehicles. Smartphone assembly had long been its largest revenue source, but cloud and networking products now contribute a larger share with 42 per cent of revenue in the third quarter.
Liu said the company, which counts Nvidia as its largest AI server customer, would announce a co-operation deal with OpenAI at its annual technology conference later this month.
“Sam has mentioned the vision of 1 gigawatt computing power, that amounts to a US$50bn market opportunity,” said Liu,…