Foxconn Partners with Nvidia to Develop Humanoid Robots, Driving AI Growth and Revenue Surge

January 4, 2025
Foxconn Partners with Nvidia to Develop Humanoid Robots, Driving AI Growth and Revenue Surge
  • This collaboration will leverage Nvidia's software technologies and hardware platforms to create human-like robots, with plans to launch services in Kaohsiung.

  • Foxconn aims to foster an environment of sovereign AI, allowing software developers to integrate into its smart city initiatives.

  • In addition to Kaohsiung, Foxconn is working on smart city projects and plans to collaborate with the governments of Taipei and Keelung.

  • Foxconn has a long-standing partnership with Nvidia, serving as the main manufacturer of Nvidia's GB200 servers, which are essential for AI application development.

  • AI servers, powered by Nvidia chips, constituted over 40% of Foxconn's server revenue in the first three quarters of 2024, with expectations for this to rise to 50% in 2025.

  • Foxconn's stock on the Taiwan Stock Exchange has surged by 74% over the past year, showcasing the optimism surrounding AI development.

  • In the first 11 months of 2024, Foxconn reported consolidated sales of NT$6.21 trillion, marking an 8.87% increase from the previous year.

  • The company also achieved a revenue of NT$654.83 billion in December 2024, reflecting a significant 42% increase compared to December 2023.

  • Young Liu, the president and CEO of Foxconn, recently announced the company's collaboration with Nvidia to develop humanoid robots in Kaohsiung, Taiwan.

  • As a global leader in electronic product assembly, Foxconn is shifting its focus towards humanoid robots amid the rising prominence of artificial intelligence (AI).

  • Liu projected that Foxconn's consolidated sales will exceed NT$7 trillion (approximately 205 billion euros) in 2025, driven by strong global demand for AI applications.

  • The company has previously integrated non-humanoid robots into its production lines using Nvidia technology and plans to expand this to humanoid robots for various sectors, including healthcare.

Summary based on 3 sources


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