---
title: Foxconn Reports 2024 Growth Will Come from Servers
description: Foxconn Reports 2024 Growth Will Come from Servers
---

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# [Foxconn Reports 2024 Growth Will Come from Servers](https://pages.supplyframe.com/ciq/foxconn-reports-2024-growth-will-come-from-servers)

 Written by [Supplyframe](https://pages.supplyframe.com/ciq/author/supplyframe) | Dec 1, 2023, 8:25:49 PM

The EMS leader, Foxconn, restated its fiscal Q4 2023 sequential growth forecast, its peak season for the information and communications technology (ICT) sector, on its earnings call last week. Company guidance for parts of the ICT segment (particularly consumer electronics and smartphones) was "neutral" for 2024, with its primary growth driven by servers, especially cloud services and AI servers. This further bolsters the Commodity IQ guidance for consideration of persistent memory and solid-state storage price inflation through next year.

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