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Global chip stocks climb as Foxconn's bumper results show a continuation of the AI boom

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Global semiconductor stocks climbed on Monday after Foxconn posted record fourth-quarter revenue, suggesting the AI boom has far more room to run.

Hon Hai Precision Industry, which does business as Foxconn internationally, reported revenue of 2.1 trillion New Taiwan dollars in the fourth quarter of 2024, up 15% year-over-year.

Shares of several semiconductor firms across Asia, Europe and the U.S. rose on Monday, with the world's largest chipmaker TSMC hitting a record high.>Sign up for NBC San Diego's News Headlines newsletter. Computing products and smart consumer electronics — which numbers iPhone and other smartphones — saw"slight declines," Foxconn said.Other Asian chip firms also logged share price gains — South Korea's SK Hynix and Samsung rose nearly 10% and 4%, respectively.

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