Foxconn made a lot of money at the end of last year. From October through December, they brought in NT$2.13 trillion, which beat last year by 15%. Their profits from running the business jumped almost 32%, hitting NT$64.5 billion. But their total profit after everything fell about 13% to NT$46.3 billion. The company earned NT$3.34 per share during those three months, less than before.
The entire year went really well for Foxconn. They set a new record with NT$6.86 trillion in sales for all of 2024. Three out of four main product areas grew strongly - these included cloud stuff, computers, and various parts. Chairman Young Liu said this beat what they expected. The company made NT$152.7 billion in profit for the full year, giving them NT$11.01 per share. That marks their best earnings in 17 years.
Foxconn decided to give shareholders NT$5.80 for each share they hold, an increase from NT$5.40 last year. The company has paid out more than half its profits for six straight years now. Their latest payout rate hit 52.68%, the highest since they first listed on the stock market in 1991. Liu expects big growth again next year despite global trade problems and political risks.
The company calls itself a technology manufacturing platform service provider these days. They focus on three main areas - Smart Manufacturing, Smart EV, and Smart City. Foxconn plans to add more artificial intelligence to all these areas. They want to work with top partners globally to create AI solutions or build their language models. This should help them work more efficiently and stay ahead of competitors.
Liu says Foxconn already uses AI to build more AI systems. For example, they built a fully automated phone assembly line in Japan. The overall computer industry looks stable this year despite worries about politics and tariffs. Foxconn can adjust quickly because it has factories all over the world and works closely with customers.
The chairman believes 2025 will mark the first real year of AI. Big companies keep spending lots of money on AI computing systems. Foxconn expects its AI server sales to more than double in early 2025 compared to both last year and last quarter. As it starts mass producing something called GB200, it thinks AI server sales will grow every quarter throughout the year.
Foxconn believes AI server sales will reach trillions in local currency for the entire year, making up more than half of the company's server sales. Foxconn helps major customers develop new products, keeping them involved in future generations of technology. They think DeepSeek's methods will make AI servers more popular for certain tasks.
Big companies still need high-end AI servers with complete network setups, and demand for these powerful systems keeps growing. As edge AI develops more fully, people may need to upgrade their devices. Quality matters hugely with AI servers because failures during training waste time and hurt results. Foxconn leads in quality stability and targets at least 40% market share.
The company plans to finalize deals with Japanese car makers within one or two months. Later this year, they expect to start mass producing cars called MODEL B and the North American version of MODEL C. Their electric bus factory should complete certification around July or September, allowing them to ship more vehicles.
The entire year went really well for Foxconn. They set a new record with NT$6.86 trillion in sales for all of 2024. Three out of four main product areas grew strongly - these included cloud stuff, computers, and various parts. Chairman Young Liu said this beat what they expected. The company made NT$152.7 billion in profit for the full year, giving them NT$11.01 per share. That marks their best earnings in 17 years.
Foxconn decided to give shareholders NT$5.80 for each share they hold, an increase from NT$5.40 last year. The company has paid out more than half its profits for six straight years now. Their latest payout rate hit 52.68%, the highest since they first listed on the stock market in 1991. Liu expects big growth again next year despite global trade problems and political risks.
The company calls itself a technology manufacturing platform service provider these days. They focus on three main areas - Smart Manufacturing, Smart EV, and Smart City. Foxconn plans to add more artificial intelligence to all these areas. They want to work with top partners globally to create AI solutions or build their language models. This should help them work more efficiently and stay ahead of competitors.
Liu says Foxconn already uses AI to build more AI systems. For example, they built a fully automated phone assembly line in Japan. The overall computer industry looks stable this year despite worries about politics and tariffs. Foxconn can adjust quickly because it has factories all over the world and works closely with customers.
The chairman believes 2025 will mark the first real year of AI. Big companies keep spending lots of money on AI computing systems. Foxconn expects its AI server sales to more than double in early 2025 compared to both last year and last quarter. As it starts mass producing something called GB200, it thinks AI server sales will grow every quarter throughout the year.
Foxconn believes AI server sales will reach trillions in local currency for the entire year, making up more than half of the company's server sales. Foxconn helps major customers develop new products, keeping them involved in future generations of technology. They think DeepSeek's methods will make AI servers more popular for certain tasks.
Big companies still need high-end AI servers with complete network setups, and demand for these powerful systems keeps growing. As edge AI develops more fully, people may need to upgrade their devices. Quality matters hugely with AI servers because failures during training waste time and hurt results. Foxconn leads in quality stability and targets at least 40% market share.
The company plans to finalize deals with Japanese car makers within one or two months. Later this year, they expect to start mass producing cars called MODEL B and the North American version of MODEL C. Their electric bus factory should complete certification around July or September, allowing them to ship more vehicles.
