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AI News from ET - Foxconn has immense confidence in growth momentum due to AI, chairman says

Vishwadeep Khatri
in AI News & Two Lenses

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Taiwan's Foxconn sees strong growth driven by AI demand. Chairman Young Liu is optimistic about the second half of the year. Cloud providers' massive AI investments are fueling this confidence. Foxconn, a key supplier for Nvidia and Apple, reported a profit rise. The company expects its capital expenditure to grow significantly this year to expand AI server manufacturing capacity.

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