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

Global semiconductor stocks climbed Monday after contract electronics giant Foxconn announced record fourth-quarter revenue, suggesting the artificial intelligence boom has far more room to run.

Hon Hai Precision Industry, which does business as Foxconn internationally, said in a Sunday statement that the company's fourth-quarter revenue totaled 2.1 trillion New Taiwan dollars ($63.9 billion), growing 15% year over year.

Foxconn — which is a supplier to Apple — also set a record, posting the highest fourth-quarter revenue ever in company history, according to the statement.

The firm's bumper revenue performance was driven by growth in its cloud and networking products — which includes AI servers like those designed by the likes of chipmaker Nvidia — and components and other product segments.

Computing products and smart consumer electronics — which numbers iPhone and other smartphones — saw "slight declines," Foxconn said.

Shares of several semiconductor firms across Asia, Europe and the U.S. rose, as a result.

In Asia, Taiwan Semiconductor Manufacturing Co. hit a record high Monday and closed up almost 5% in Taiwan.

The largest semiconductor manufacturer globally, TSMC produces chips for the likes of Advanced Micro Devices and Nvidia.

Other Asian chip firms also logged share price gains — South Korea's SK Hynix and Samsung rose nearly 10% and 4%, respectively.

In Europe, global critical semiconductor equipment firm ASML saw its shares jump almost 7%, while fellow Dutch chip company ASMI's stock rose almost 6%. Germany's Infineon surged nearly 7%.

Paris-listed shares of European contract chipmaker STMicroelectronics rose nearly 7%.

Stateside, Nvidia got a boost from the Foxconn numbers, climbing almost 5% and breaking above $150