Foxconn has ‘immense confidence’ in growth momentum due to AI, chairman says

NEW TAIPEI: Taiwan’s Foxconn, the world’s largest contract electronics maker, has “immense confidence” in its growth momentum because of soaring AI demand, Chairman Young Liu said on Friday.

The company, Nvidia’s biggest ‌server ⁠maker and Apple’s ⁠top iPhone assembler, this month reported a 19% rise in first-quarter profit versus the same period a year earlier, beating expectations due to strong global demand for AI products.