Foxconn, known for making iPhones for Apple and being a giant in electronics manufacturing, is feeling positive about 2024. Last year had its ups and downs, including a big financial hit from its stake in Sharp Corp, but the outlook for this year is looking up. Foxconn’s Chairman, Liu Young-way, shared these thoughts during the company’s yearly employee event, suggesting a slightly better year ahead despite some big challenges.
Foxconn does not have enough chips for AI servers it seems
One of the biggest issues Foxconn faces is not having enough chips for AI servers, which are important for the next generation of technology. The demand for these chips is high, but there aren’t enough factories making them. Liu mentioned the possibility of building new factories to keep up with the demand for AI technology.
However, the world’s economy and political issues might make people less likely to buy gadgets, which could hurt sales. This comes as Apple, one of Foxconn’s biggest partners, expects to sell fewer iPhones and make less money than what experts thought, especially in China. Here, customers are choosing other brands and phones that fold or use chips made in China.
As Foxconn gets ready to share its earnings for the last quarter and what it thinks will happen in the coming year, people are watching closely. The company’s stock has dropped a little this year, but what happens next could show a lot about where the technology world is headed, especially when it comes to making and getting the parts needed for the latest gadgets and AI technology.
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(Via)
