After Foxconn, a contract electronics giant, reported record fourth-quarter sales on Monday, global semiconductor stocks surged, indicating that the artificial intelligence boom had much more space to go.
In a statement released Sunday, Hon Hai Precision Industry, which operates internationally under the Foxconn name, reported that its fourth-quarter revenue of 2.1 trillion New Taiwan dollars ($63.9 billion) represented a 15% year-over-year increase.
Foxconn, an Apple supplier, also broke a record by announcing the biggest fourth-quarter revenue in the company’s existence.
Source (CNBC)