Foxconn has 'immense confidence' in growth momentum due to AI, chairman says
- Posted on May 29, 2026
- By Business News Today
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- 1 min read
Foxconn has 'immense confidence' in growth momentum due to AI, chairman says
Foxconn, the world's largest contract electronics maker, expressed immense confidence in its growth due to soaring AI demand. The company reported a 19% rise in first-quarter profit, driven by strong global demand for AI products. Chairman Young Liu highlighted that cloud service providers' capital expenditure, projected to reach $1 trillion next year, represents a significant market for Foxconn.
