Foxconn sees robust AI server demand, delays EV target
TAIPEI - Taiwan's Foxconn expects robust growth in its artificial intelligence server business next year and will increase investment in several countries amid mounting trade tensions between the U.S. and China, it said on Thursday.
"Trump has just been elected. It's uncertain what policies he will implement ... we'll be watching to see what changes there will be from the new U.S government," Foxconn Chairman Young Liu told reporters after reporting its quarterly results. Liu expected Foxconn to take "at least 40%" of the global AI server market and its cloud and networking business, which includes servers, would become its "major product" alongside smartphone.
Underscoring Foxconn's rosy prospects, October sales hit a record high for the month and the company, formally called Hon Hai Precision Industry, has said it expects fourth-quarter revenue to grow year-on-year.Foxconn, which has been expanding into contract electric vehicle manufacturing for diversification, delayed its target of a 5% share in the global EV market by 2025 as the industry grapples with slowing demand.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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