Foxconn working on a new tie-up with OpenAI, says there is no AI bubble

Foxconn Chairman Young Liu speaks at the opening of Foxconn’s annual Hon Hai Tech Day in Taipei, Taiwan October 30, 2026.
Foxconn, the world’s biggest contract electronics manufacturer, on Friday flagged that a collaboration with leading US artificial intelligence developer OpenAI was in the works, though details were scant.

Foxconn Chairman Young Liu told reporters at the company’s annual event to showcase its technology that he had met OpenAI Chief Executive Sam Altman earlier in the day and there would be an announcement once details were confirmed.

Liu did not elaborate further. Any deal would build upon last year’s agreement between the two firms to work together on designing and engineering data-centre racks, components and other AI hardware.