Foxconn has diversified beyond electronics manufacturing into fields such as electric vehicles, semiconductors, and servers.
Foxconn – known officially as Hon Hai Precision Industry – is the world’s biggest contract electronics manufacturer and assembles devices for many international brands, most notably Apple’s iPhone products. “In 2022 alone, Hon Hai’s revenue for servers reached 1.1 trillion Taiwan dollars to obtain a 40% global market share,” Chairman Young Liu told an annual shareholders’ meeting in Taipei.
He attributed the jump in demand to ChatGPT, the AI programme that burst into the spotlight late last year with the ability to generate essays, poems, and conversations from the briefest of prompts.“For the second half of this year, we may have a three-digit growth, not two digits… We will continue to boost our market share for servers,” Liu said.