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Foxconn has 'immense confidence' in growth momentum due to AI, chairman says
Yahoo2026.05.29
Taiwan's Foxconn, the world's largest contract electronics maker, has "immense confidence" in its growth momentum because of soaring AI demand, Chairman Young Liu said on Friday. The company, Nvidia's biggest server maker and Apple's top iPhone assembler, this month reported a 19% rise in first-quarter profit versus the same period a year earlier, beating expectations due to strong global demand for AI products. Liu, speaking at an annual shareholders meeting in Taipei's neighbouring city of New Taipei, said AI remains highly sought after, with capital spending by the major cloud service providers already exceeding $700 billion this year.
