Foxconn hopes to own 50% of the global AI server market within a couple years

Hon Hai Technology Group, widely known as Foxconn, aims to capture 50% of the global AI server market within a couple of years, Chairman Young Liu told CNBC. Liu expects AI infrastructure to drive up to 65% of the company's revenue over the next three to five years. Additionally, Foxconn plans to expand its U.S. manufacturing footprint by moving further up the supply chain to focus initially on higher-margin items like server racks and data center equipment. Open article →