Foxconn will invest $2 billion to $3 billion a year in AI, the head of the world's largest contract electronics maker told Reuters.
Foxconn on Wednesday reported third-quarter 2025 earnings that increased 17% year over year to NT$57.67 billion (New Taiwan dollars), propelled by growth in the company's artificial intelligence (AI) server business. Analysts, on average, expected a profit of NT$50.41 billion, according to data provided by LSEG.
Nvidia's earnings will come a week from now and Foxconn emphasized strong sales of AI hardware.
Cloud and networking products—including AI servers—accounted for 42% of total revenue, remaining Foxconn's largest business.
Foxconn, the world's largest contract electronics maker, reported Wednesday that its third-quarter profit jumped 17% from a year earlier.
Foxconn , the world's largest electronics maker and Nvidia's key AI server maker, said on Tuesday it will deploy humanoid robots at its Houston plant that produces AI servers for Nvidia.
Taiwan's Foxconn said its board of directors has approved an investment plan to procure equipment for a AI compute cluster and a supercomputing centre, that will allow it to spend up to NT$42 billion ($1.37 billion).
Foxconn's two-year pursuit of a stake in a unit of German auto supplier ZF Group stalled last month due to a substantial mismatch in valuation expectations and a higher-than-estimated debt pile, according to documents seen by Reuters.
Foxconn is projecting more than 170% growth in revenue from AI servers in the current quarter.
AI demand boosts iPhone maker Foxconn's second-quarter profit by 27%, beating forecasts
Foxconn said it will take a 10% stake in TECO Electric & Machinery Co as part of a share swap. The two companies are teaming up to bring their expertise together to effectively create a one-stop-shop for anyone looking to set up an AI data center.
Taiwan's Foxconn said it will hold a press conference with Taiwanese industry motor maker TECO Electric & Machinery Co at 3:30 p.m. (0730 GMT) on Wednesday.