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.
-
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- EquitiesImportant- Source: Newswires/Yonhap/FT
Subscribe Now to Newsquawk
Click here for a 1 week free trial
Newsquawk provides audio news and commentary for over 15,000professional traders and brokers worldwide. Services include:
- Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
- Teams of analysts covering equities, fixed income, FX, energy, and metals markets
- Real-time scrolling news service with instant analysis
- Daily and weekly pre-market research and calendars
- Video updates covering near-term key risk events & primary trading themes
- One-to-one chat with our expert analysts