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

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

The traditional mid-year seasonal slump for tech suppliers no longer happens, Liu told an annual shareholders meeting in New Taipei, adding that he was very optimistic ‌about the second ⁠half ⁠of the year.

“Unless a highly severe ‘black swan’ event occurs – which I haven’t seen, and there ​are currently no signs of – based on what we see now, the second half ​of the year looks very good.”