TAIPEI – Foxconn reported first-quarter revenue of T$1.64 trillion ($49.5 billion), its highest on record, driven by strong demand for cloud and networking products used in AI applications. The figure marked a 24.2% increase from a year earlier.

The company said consumer electronics revenue, including iPhones, was flat year-on-year. March revenue reached T$552.1 billion, a record for the month.

Foxconn expects growth in the current quarter compared to both the prior quarter and the same period last year. However, it warned that global political and economic developments require close monitoring, following new U.S. tariffs on Chinese and Taiwanese goods.

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