Foxconn (2317 TT) overnight AGM recap
Chairman
- Reliance on ChatGPT is growing, seeing now is demand for AI servers expanding. Can see the market for AI servers will rise much faster than expected.
- Growth of Foxconn's AI servers is forecast to increase by a three-digit % this year YY; could see triple-digit growth in AI servers in H2.
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Remain cautious on the year due to policy tightening, geopolitical tensions and inflation uncertainty. - Working with Nvidia (NVDA) on autonomous driving.
- Will work hard to keep developing in China.
31 May 2023 - 09:30- Important- Source: Newswires/Yonhap/FT
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