Taiwan's Foxconn, the world's largest contract electronics maker, forecast strong revenue growth in the first quarter after reporting a surprise 13% drop in fourth-quarter profit. Foxconn, whose businesses include manufacturing iPhones for Apple and artificial intelligence servers for Nvidia,

Foxconn has expanded its footprint into high-growth tech sectors like AI and EVs in recent years as its core electronics manufacturing business faces challenges due to industry shifts.

Foxconn Technology's (OTCPK:FXCOF) fourth quarter net profit fell 12.8% year-over-year, though the Nvidia supplier forecast AI server revenue to more than double in th