Foxconn lifts 2024 outlook on stronger AI server demand
TAIPEI -- Key iPhone assembler Foxconn has raised its full-year forecast from neutral to "robust growth" on the back of surging demand for artificial intelligence servers, networking products and key components.
Foxconn Chairman Young Liu said on Thursday that revenue from AI servers is estimated to climb 40% year-on-year, while revenue from graphic processing unit (GPU) modules will jump by a triple-digit percentage.