Foxconn attributed its record-breaking revenue to the strong demand for AI servers, prompting a surge in the stocks of its suppliers. The company, known officially as Hon Hai Precision Industry Co., revealed December 2024 unaudited revenue of NT$654.8 billion ($20 billion), a slight month-over-month decline but a significant year-on-year surge of 42.31 percent. Quarterly figures showed a record NT$2.13 billion ($65 billion) in revenue for Q4, up 15.03 percent from the prior quarter and 15.17 percent year-on-year. All major segments, including cloud and networking, computing products, smart consumer electronics, and components, posted strong growth, though AI servers were specifically credited for the revenue hike. While Foxconn cautioned that the first quarter typically experiences slower financial activity, it projected substantial growth compared to previous figures. The technology supply chain cheered these numbers, with shares of semiconductor companies increasing, notably with Nvidia seeing a three-point rise. While market reactions might also be influenced by ongoing events like CES in Las Vegas, Foxconn’s comments on AI server demand signal sustained investment in memory, GPUs, CPUs, and other tech components. The immediate five percent increase in Foxconn shares following the revenue report highlights the optimistic outlook for the tech ecosystem. Comprehensive Q4 results expected in March will offer further insights into the profit impact.