Foxconn (2317 TT) overnight AGM recap
Important
SourceNewsquawk
SectionGlobal Equities
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.
- 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.