Taiwan’s Foxconn, the world’s largest contract electronics maker, reported record fourth-quarter revenue driven by strong demand for artificial intelligence products. Revenue for Nvidia’s biggest server maker and Apple’s top iPhone assembler jumped 22.07% to T$2.6028 trillion, exceeding expectations. Foxconn’s shares rose 25.3% last year, closing up 1.08% ahead of the revenue data.

Read more at Yahoo Finance: Foxconn’s Q4 revenue surges 22% to record high on AI demand