From Revenue Records to AI Ambitions: Top Tech Headlines This Week

As we wrap up the year, the tech industry continues making headlines as it prepares for a strong start in 2025.?

From revenue milestones to groundbreaking AI collaborations, here’s what you need to know about the moves shaping the future of technology. Dive in to explore Foxconn's impressive revenue growth, Nvidia's expanding partnerships, and TSMC's strategic plans for AI chip production.

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Foxconn announces a 4% increase in their revenue compared to 2023

Taiwan's Foxconn (2317.TW), the world's leading contract electronics manufacturer and Apple's primary iPhone assembler, announced on Thursday that its November revenue rose by 3.47% compared to the previous year.?

The figure reached T$672.6 billion ($20.75 billion), marking the second-highest revenue for the month on record. In a statement, the company noted that fourth-quarter operations are expected to achieve substantial quarterly and annual growth, though no further specifics were provided.

Nvidia and the Vietnamese government in talks for AI research and development

Nvidia and the government of Vietnam will join to set up an AI research and development center in the country, under an agreement signed last on November 29th. According to Nvidia’s CEO, it was one of the company’s goals to expand the partnerships with Vietnam’s tech companies, supporting the country in its journey to develop AI and digital infrastructure.?

FPT, a Vietnamese firm, said in April that they were planning to build an AI factory using Nvidia’s software and their chips, for $200 million dollars. According to Vietnam’s Prime Minister, AI can bring on growth, and the country can start to develop clean energy as well.?

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TSMC and Nvidia join forces for AI chip production

According to sources linked to Reuters, TSMC and Nvidia are in talks to produce Blackwell AI chips in a new plant in Arizona. TSMC is already making preparations to start producing them in 2025.?

Blackwell chips, launched in March this year, have been manufactured in Taiwan this entire time. The demand is high, especially from customers creating generative AI. If this agreement is completed, TSMC’s Arizona facility would have another customer to provide to.?

Check out our website and stay tuned for more updates as we track the progress of these game-changing initiatives!