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Tag Archives: Foxconn

Foxconn Joins Hands with Nvidia to Build AI Factories

The two chipmaking giants will work on building AI factories for electric vehicles where Nvidia plans to use its own chips and software for the development. Two chip-making giants – Foxconn and Nvidia Corp (NASDAQ: NVDA) – have finally come together to build “AI factories” and data centers for a range of applications including self-driving cars. The announcement came earlier today Wednesday, October 18. Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang announced at Foxconn’s...

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Foxconn Maintains Caution on Global Uncertainties despite Beating Forecasts in Q2 2023 Earnings

CoinspeakerFoxconn Maintains Caution on Global Uncertainties despite Beating Forecasts in Q2 2023 Earnings Foxconn sees sluggish demand for electronics within the global economy for the rest of the year and thus it has reduced its revenue estimates. Foxconn Maintains Caution on Global Uncertainties despite Beating Forecasts in Q2 2023 Earnings

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Foxconn Expects Growing AI Demand to Boost Its Server Business This Year

Contract electronics manufacturing giant Foxconn banks on explosive AI popularity to drive its server business revenue in 2023.  Foxconn has forecasted significant growth in its artificial intelligence (AI) server business due to robust demand. On Wednesday, the company’s Chairman, Young Liu, said revenue generated from its AI businesses would more than double this year. Liu credited the popularity of generative AI applications like ChatGPT for stoking interest in the sector. At Foxconn’s...

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Foxconn Says April Sales Drop 12% due to Decline in Smartphone Shipments

The growth of artificial intelligence technology is expected to increase the overall demand for fast-processing electronics. Foxconn Technology Co Ltd (Taiwan: 2354), one of the largest global employers in the electronics manufacturing industry and a major supplier to Apple Inc (NASDAQ: AAPL) announced a sales decline of 11.77 percent in April, YoY basis. However, the company’s revenue was in line with prior estimates, which came in at T$429.2 billion, approximately $14 billion. As the...

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China Guarantees Citizens On-Demand Anonymity With State Digital Currency

The digital currency will allow anonymity to users… but only to an extent. Analysts are predicting the government-backed crypto will be out early next year. Blockchain efforts by the People’s Bank of China have ramped up in recent weeks. China has brushed aside concerns that its planned government-backed crypto will be used to keep tabs on the activities of its citizens. Allegedly, users of the centralized digital currency will be guaranteed ‘controllable anonymity’ as long as they are not...

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