Nvidia provider Foxconn bullish on AI demand, teases OpenAI announcement

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Nvidia provider Foxconn bullish on AI demand, teases OpenAI announcement

Merchandise 1 of two The brand of Foxconn is seen outdoors the corporate’s constructing in Taipei, Taiwan November 10, 2022. REUTERS/Ann Wang

[1/2]The brand of Foxconn is seen outdoors the corporate’s constructing in Taipei, Taiwan November 10, 2022. REUTERS/Ann Wang Purchase Licensing Rights, opens new tab
  • Foxconn upbeat on AI demand into 2026
  • Teases OpenAI announcement at subsequent week’s tech day
  • Q3 internet revenue beats market expectations
  • Foxconn shares have surged this 12 months

TAIPEI, Nov 12 (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker, supplied a bullish outlook on AI-related demand on Wednesday saying it will be a giant driver of 2026 progress, and teased an announcement subsequent week with OpenAI.

Nvidia’s (NVDA.O), opens new tab largest server maker and Apple’s (AAPL.O), opens new tab prime iPhone assembler has been driving an information centre increase, as cloud computing companies comparable to Amazon (AMZN.O), opens new tab, Microsoft (MSFT.O), opens new tab and Alphabet’s (GOOGL.O), opens new tab Google spend billions of {dollars} to broaden their AI infrastructure and analysis capability.

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Foxconn Chairman Younger Liu advised an earnings name that the significance of AI would massively enhance subsequent 12 months, although the corporate would additionally hold a cautious eye on geopolitical and forex points.

“Typically talking, judging from what we see now, I’m very optimistic in regards to the AI market subsequent 12 months,” he stated.

Corporations asserting multi-billion-dollar investments in synthetic intelligence have raised issues about…

https://www.reuters.com/world/china/taiwanese-electronics-firm-foxconns-q3-profit-rises-17-beats-forecasts-2025-11-12/

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