Apple's iPhone assembly partner Foxconn has asked the Indian government for larger payments from a manufacturing fund, because other companies failed to meet standards.

December 2024 revenue soared 42.31% year-over-year, while setting a record for the highest fourth quarter revenue ever. Fourth Quarter: The Apple (AAPL) supplier — which is formally known as Hon Hai Precision (OTCPK:HNHAF) (OTCPK:HNHPF) — said revenue in the fourth quarter grew 15.

Apple and Nvidia supplier Foxconn posted a record topline in Q4 driven by higher cloud and networking and strong demand from AI servers.

Leading market analysts highlighted Foxconn's surprise Q4 performance, with Jim Cramer suggesting investors may have overlooked the company.

Taiwan's Foxconn , the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter on continued strong demand for artificial intelligence (AI) servers.

Electronics manufacturers Foxconn and Dixon Technologies have urged Indian authorities to clear their pending dues to the tune of INR 700 Cr.

The Apple supplier has spent millions in the United States, India and Mexico over the past two years to lessen its dependence on China.

Foxconn and Dixon Technologies are requesting subsidies from India’s production-linked incentive program, claiming they are eligible for unallocated funds. The government pledged 410 billion rupees in subsidies,

Apple manufacturing partner Foxconn has announced a partnership with Porotech to enter the augmented reality (AR) glasses market. Leveraging Porotech’s gallium nitride (GaN) technology and Foxconn’s vertically integrated services,

Chip stocks including Nvidia, Micron, and ASML surged on Monday after Foxconn reported record fourth quarter revenue, pointing to strong AI demand.

Foxconn could get as much as Rs 600 crore and Dixon Rs 100 crore if the government releases the funds, the people said, asking not to be identified as the matter isn’t public. The government is reviewing the two requests,

Chip stocks surged in intraday trading Monday after Taiwan's Foxconn posted record fourth-quarter revenue, driven by the boom in artificial intelligence (AI) demand.