Foxconn (Hon Hai)
The biggest contract electronics maker, and the main assembler of Nvidia's AI server racks.
- Growth
- Cloud and networking (mostly AI servers) was 51% of Q2 2026 revenue, the first time above half
- Based in
- New Taipei, Taiwan
- Founded
- 1974
- Listed
- Public (2317)
It assembles much of the world's AI server hardware, so every rack ship passes through its factories.
Its share of the high-end rack market is expected to fall as buyers find other suppliers.
Money coming in
Who pays Foxconn (Hon Hai), and for what.
No customers of Foxconn (Hon Hai) mapped yet.
Money going out
Who Foxconn (Hon Hai) pays to do what it does.
No suppliers of Foxconn (Hon Hai) mapped yet.
Where it sits on the map
Competitors and neighbours
Makes Gemini, the assistant built into Android, Search and Workspace.
25% of AI chip supply (Epoch AI)
Open profileSells Microsoft 365 Copilot inside Office and Windows, and owns a large stake in OpenAI.
20M+ users (2025)
Open profileDesigns its own Trainium AI chips and rents them out through AWS.
5% of AI chip supply (Epoch AI)
Open profileGPU cloud that builds its own data centre campuses and rents capacity to Microsoft and Meta.
Up to 1.2 GW campus under way in Missouri
Open profileRuns large cloud data centres and rents AI computing, with OpenAI as its biggest customer.
Capital spending up 162% to $55.7B in fiscal 2026. Free cash flow minus $23.7B
Open profileThe largest GPU-only cloud, renting Nvidia chips to AI labs and big tech on long contracts.
Quarterly revenue $2.6B, up 112%. $104B backlog. Still loss-making
Open profileBuilds AI servers from Nvidia and AMD chips for enterprises, clouds and governments.
Full-year fiscal 2027 guidance raised to $192B (Sep 2026)
Open profileGPU cloud that rents Nvidia systems to AI builders and to Microsoft.
About $760M annualised in 2025 (Sacra estimate)
Open profileHosts and fine-tunes open AI models on rented GPUs for companies.
About $1B annualised (Sacra estimate, Feb 2026)
Open profileSources: thenextweb.com
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