Foxconn reveals bid to grab 50% of the global AI server market within the next few years
- Foxconn wants to capture half the global AI server market within two years
- Existing production capacity is fully booked for at least 18 months
- AI infrastructure could generate 65% of Foxconn's revenue within five years
Foxconn is seeking to increase its share of artificial intelligence server manufacturing as demand for computing infrastructure continues expanding worldwide.
The Taiwanese electronics manufacturer believes it could supply half of the market within the next couple of years.
It currently controls about 40% of the AI server market, and its expansion plans include increasing manufacturing capacity, developing American operations and investing further across the artificial intelligence supply chain.
Foxconn to expand its AI infrastructure business
The company expects its market share to reach approximately 45% next year before potentially climbing to 50%.
Chairman Young Liu disclosed the projection during an interview with CNBC's Christine Tan, stating, “I think we can grow up to 50...
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