Foxconn Q1 Revenue Soars 29.7% on AI Demand, Flags Global Uncertainty

• Foxconn's Q1 revenue jumped 29.7% year-on-year to T$2.13 trillion ($66.60 billion), driven by AI-linked products.
• Growth attributed to strong demand in cloud and networking, and smart consumer electronics divisions (including iPhones).
• March revenue hit a record T$803.7 billion, up 45.6% from last year.
• Company expects sequential and annual expansion in Q2, with continued momentum in AI server racks.
• Foxconn cautioned about global political and economic uncertainty, citing the Middle East conflict as a major challenge.