Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outlook for this year due to global economic uncertainties.
Liu told an earnings briefing he sees a lot of potential in India, where Foxconn has rapidly expanded its manufacturing facilities, adding: “several billion dollars in investment is only a beginning”. Within the AI server supply chain, Foxconn has won a “very high” market share for GPU modules and substrates, Liu said.