Nvidia supplier Foxconn bullish on AI demand, teases OpenAI announcement
REUTERS
Taiwan’s Foxconn, the world’s largest contract electronics maker, offered a bullish outlook on AI-related demand on Wednesday saying it would be a big driver of 2026 growth, and teased an announcement next week with OpenAI.
Foxconn Chairman Young Liu told an earnings call that the importance of AI would massively increase next year, though the company would also keep a wary eye on geopolitical and currency issues.
“Generally speaking, judging from what we see now, I am very optimistic about the AI market next year,” he said.
Companies announcing multi-billion-dollar investments in artificial intelligence have raised concerns about the formation of a bubble reminiscent of the dotcom boom and bust.
But Liu said the industry was only getting started.
“The development of AI is still just beginning,” he said.
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