Foxconn, a major manufacturer for Apple products, saw a 26% revenue spike in November due to increased demand for servers amidst the AI boom. The Taiwanese company reported revenue of NT$844.3 billion ($27 billion) for the month. Foxconn is a key player in the AI infrastructure rollout, collaborating with Nvidia and OpenAI.

The company’s cloud and networking products experienced strong growth, particularly in AI server racks. Foxconn has become a crucial partner to tech giants like Nvidia and Apple, positioning itself as a leader in AI hardware manufacturing. Its month-on-month revenue was down 6%, mainly due to a slight decline in smart consumer electronics.

In collaboration with OpenAI, Foxconn will work on design and U.S. manufacturing readiness for next-gen AI infrastructure hardware. The company’s AI server business saw profits jump 17% year-on-year in the third quarter. Foxconn’s share price has surged 26% in 2025, following a 76% increase over the past year.

Read more at CNBC: Nvidia partner Foxconn reports 26% revenue spike as AI boom continues