Foxconn sees AI driving strong server demand, but full year to be flat

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TAIPEI : Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server business this year but reiterated 2023 overall would be a flat one for the company on global economic woes.Foxconn Chairman Liu Young-way told the company's annual sharehol

TAIPEI : Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server business this year but reiterated 2023 overall would be a flat one for the company on global economic woes.

The Taiwanese company has a 40 per cent global market share for servers and aims to further increase that, Liu added. The company, the world's largest contract electronics maker, wants to replicate the success it has had with Apple's iPhone with electric vehicles .

 

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