Foxconn, the world’s largest electronics manufacturer, is extremely positive about the future of artificial intelligence (AI). On Wednesday, the company announced that AI will be a major driver of its growth in 2026. They also hinted at an exciting announcement from OpenAI, the company behind ChatGPT, coming next week.
Foxconn, known for building most of Nvidia’s servers and Apple’s iPhones, has been benefiting from a massive increase in demand for data centers. Big cloud companies like Amazon, Microsoft, and Google are pouring billions into building their AI infrastructure and research capabilities.
Foxconn Chairman Young Liu shared during an earnings call that AI’s importance will grow massively next year. He mentioned the company will also keep an eye on global politics and currency changes. “Generally speaking, looking at what we see now, I am very optimistic about the AI market next year,” Liu stated.
Some worry that the huge investments in AI might create a bubble, similar to the dot-com boom and bust. However, Liu believes the industry is just getting started. He said, “The development of AI is still just beginning.”
For the second quarter in a row, Foxconn’s business making cloud and networking products, which includes AI servers, brought in more revenue than its smart consumer electronics, such as iPhones. Foxconn expects strong revenue growth for the current fourth quarter and for the entire year, particularly from its AI server business.
Foxconn, officially known as Hon Hai Precision Industry, will host its annual technology event in Taipei next week. Liu confirmed that an announcement involving OpenAI, the creator of ChatGPT, will happen at this event, but he didn’t share any specific details.
The company recently reported strong third-quarter profits, up 17%, which beat expectations. This boost came from the continuous high demand for AI servers. Foxconn’s net profit from July to September was T 57.67billion(57.67 billion (57.67billion(1.89 billion), higher than the T$50.4 billion experts predicted. Foxconn shares have climbed 36% this year, outpacing Taiwan’s overall stock market.
