Taiwan Tech giant Foxconn eyes 40% global AI server market share

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TAIPEI — Taiwanese tech giant Foxconn said Friday its global market for artificial intelligence (AI) servers is expected to increase to 40 percent this year, with AI products being the main driver for growth.

TAIPEI — Taiwanese tech giant Foxconn said Friday its global market for artificial intelligence servers is expected to increase to 40 percent this year, with AI products being the main driver for growth.Foxconn — known officially as Hon Hai Precision Industry — is the world's biggest contract electronics maker and builds devices for several global brands, most notably Apple's iPhone.

'It is estimated that our market share this year will reach 40 percent, which is the same level for all of our servers,' he said, adding that would be an increase from 30 percent last year.'We also believe that the AI industry is still in its early stages of rapid growth... it will also be one of the main driving forces for our future growth.

 

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