Foxconn's business making AI servers is driving its recent financial growth, with quarterly profits rising 6% to 35 billion New Taiwan dollars, illustrating a shift from solely manufacturing iPhones.
Foxconn controls about 40% of the global market for servers, illustrating its capability to capitalize on the booming demand for AI technologies, especially due to its longstanding partnership with Nvidia.
Echoing the sentiment of the industry, Foxconn Chairman Young Liu stated that this year has been "all about artificial intelligence," which has significantly guided the company's profits upward.
Kirk Yang, from Kirkland Capital, highlighted that Foxconn’s leveraging of years of server experience and a solid relationship with Nvidia positions it favorably in the AI market.
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