Hon Hai's revenue surged 47%, and the boom in AI infrastructure spending shows no signs of abating.

Nvidia partner Foxconn has reported better-than-expected quarterly revenue, showing global artificial intelligence (AI) infrastructure spending remains at high levels. Foxconn’s revenue for the three months ending in September reached NT$3.03 trillion (US$95.4 billion), rising 47% year-over-year, exceeding the average analyst forecast of NT$2.83 trillion. The tech giant’s robust sales growth, following Micron Technology’s upbeat earnings outlook released last week, further confirms that capital expenditure in the AI sector continues to expand. Meanwhile, top executives including OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have recently called for slowing the development of emerging AI technologies to ensure they remain under human control. As Nvidia’s server assembly partner, Foxconn has benefited from global cloud infrastructure buildout over the past two years. Against a backdrop of growing investor concerns over overcapacity, rising debt levels, and regulatory headwinds, Foxconn’s sales performance is also seen as a key gauge of the AI industry’s momentum. The company’s stock has risen roughly 10% so far this year.