Taiwan's Foxconn sees strong growth driven by AI demand. Chairman Young Liu is optimistic about the second half of the year. Cloud providers' massive AI investments are fueling this confidence. Foxconn, a key supplier for Nvidia and Apple, reported a profit rise. The company expects its capital expenditure to grow significantly this year to expand AI server manufacturing capacity.

Foxconn, the world's largest contract electronics maker, expressed immense confidence in its growth due to soaring AI demand. The company reported a 19% rise in first-quarter…

Chairman Young Liu says CPO tray shipments will hit 10,000 units this year

Chairman Young Liu says CPO tray shipments will hit 10,000 units this year

Taiwan's Foxconn sees strong growth driven by AI demand. Chairman Young Liu is optimistic about the second half of the year. Cloud providers' massive AI investments are fueling…

Foxconn Chairman Young Liu cites $700B in cloud AI spending and a 30% capex increase as the company pivots toward AI server manufacturing dominance.