TAIPEI, April 5 (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and Nvidia's biggest server maker, reported on Sunday a jump of 29.7% in first-quarter revenue year on year, fuelled by strong AI-related demand.
Revenue for the quarter from January to March was T$2.13 trillion ($66.60 billion), Foxconn said in a statement, versus an LSEG SmartEstimate of T$2.148 trillion that gives greater weight to forecasts from analysts who are more consistently accurate.
($1 = 31.9800 Taiwan dollars)
(Reporting by Ben Blanchard; Editing by Clarence Fernandez)
NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (89%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (11%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (88.3%), gaming (8.7%), professional visualization (1.4%), automotive (1.3%) and other (0.3%).
Net sales are distributed geographically as follows: the United States (46.9%), Singapore (18.2%), Taiwan (15.8%), China and Hong Kong (13.1%) and other (6%).
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