TAIPEI, March 19 (Reuters) - Taiwan's Foxconn,

the world's largest contract electronics maker and Apple's ( AAPL )

main iPhone maker, expects its server revenue to

surpass its revenue from iPhones within two years, Taiwan's

Central News Agency reported.

Foxconn Chairman Young Liu, asked by the news agency on the

sidelines of Nvidia's ( NVDA ) annual developer conference GTC

on Tuesday on whether its server revenue would surpass its

iPhone revenue, said it would "definitely happen within two

years", according to the report.

It also quoted him as saying that it could even be achieved

as early as this year.

Foxconn manufactures Nvidia's ( NVDA ) latest artificial intelligence

servers, including Nvidia's ( NVDA ) GB200 and GB300 products. The

company confirmed Liu's comments to Reuters on Wednesday

"We do most of the Nvidia ( NVDA ) systems, not 100% of them, but

most of them," Liu said in a live podcast with The Acquired at

GTC.

Liu said in the company's earnings call last week that its

AI server revenue is set to reach T$1 trillion ($30.29

billion)this year to account for more than half of the company's

total server revenue.

He added that its revenue from cloud and networking

products, driven by strong demand for AI servers, will approach

that of smart consumer electronics, including iPhones, this

year.

In 2024, 30% of the company's revenue came from cloud and

networking products, while 46% came from smart consumer

electronics.

($1 = 33.0150 Taiwan dollars)