By Kosaku Narioka


Foxconn Technology Group said Thursday that 2022 revenue rose 10% to a new record, as operations at the Zhengzhou campus in China returned to normal in December.

The electronics maker, formally known as Hon Hai Precision Industry Co., said unaudited revenue in 2022 rose to a record high of 6.622 trillion New Taiwan dollars (US$215.84 billion) from NT$5.994 trillion in 2021.

Foxconn said revenue in December fell 12% from a year earlier to NT$629.34 billion, as sales of consumer electronics and computing products dropped from a high base a year earlier.

Still, revenue in December rebounded 14% from the previous month, thanks partly to the production recovery at the Zhengzhou campus, which had been affected by China's Covid-19 outbreaks, and strong demand for cloud and networking products.

The company also said revenue contribution from electric-vehicle software started to kick in from December.

Foxconn said the outlook for the first quarter of 2023 is expected to be roughly in line with market expectations.


Write to Kosaku Narioka at kosaku.narioka@wsj.com


(END) Dow Jones Newswires

01-05-23 0414ET