Foxconn chairman Young Liu told shareholders the firm expects to rake in more than NT$7 trillion (€212 billion) this year, up from NT$6.86 trillion in 2024. Apparently, demand for AI servers is still hot enough to power that kind of leap.

Earlier this month, the world’s largest electronics outsourcing outfit had revised its outlook downwards, blaming US tariff flip-flopping, a chaotic global supply chain and unhelpful exchange rates. This latest bullish projection now suggests either optimism or whiplash-level inconsistency.

While still mostly known as the Fruity Cargo Cult Apple’s iPhone assembler, Foxconn has been shoving its way into flashier markets, including electric vehicles and the AI server game. Its AI infrastructure kit, sold to US giants like Amazon and Nvidia, made up 34 per cent of Q1 revenue, just behind consumer electronics at 40 per cent.

Nvidia, one of its big clients, recently blew away market forecasts again. According to Wedbush analysts: “This is a very important print and guide for the broader tech world and it shows the AI Revolution is heading into its next gear of growth despite the Trump tariff war playing out.”

On the EV front, Foxconn said it is cooking up another deal with a Japanese carmaker with someone that is not Mitsubishi. The firm already announced a collaboration with Mitsubishi Motors, which plans to flog a Foxconn-developed EV from late 2026.

Liu hinted that Nissan might be next on the list, as the Japanese outfit is still recovering from its failed merger with Honda earlier this year.

Foxconn’s shares perked up 2.6 per cent in Taiwan trading, easily thrashing the Taiex’s limp 0.2 per cent rise. Investors, at least for now, appear to have forgiven the earlier doom-and-gloom announcement.