Foxconn, the Taiwanese company, plans to double its revenue in 2026 as the demand from cloud and AI giants piles up at its doorstep.
The AI boom or bubble conversation is a pendulum. It oscillates between two extremes with no sign of settling down anytime soon. After the Big Short’s Michael Burry warned the bubble would unravel soon enough, the headlines scurried off across a multitude of speculations.
His bet is a sure shot one.
But the demand for AI servers doesn’t seem to be slowing down any time soon. And this has put specific organizations at the very nucleus of this insatiable thirst. Especially ones that can actively deliver on it.
They are the ones carrying the headlines. At the forefront right now is Foxconn. It was already the world’s largest electronics manufacturer- a major one for Apple.
But the hardware company has been witnessing new highs this year. Especially after making a deeper pivot towards networking and cloud solutions, specifically AI servers.
As Foxconn predicts a 19% increase in year-end sales, the market believes it has more to deliver. It has quickly become a key player in the AI infrastructure buildout.
And maybe, the market is right.
Foxconn has reported a 26% year-on-year spike in revenue- a 76% uptick over the last 12 months. And as the boom continues, more and more collaborations are sure to make their way to Foxconn.
All that can be said? The stakes are stacking up.
