Bloomberg Talks
Hon Hai Chairman Liu Young-Way Talks Boosting Capacity to Meet ‘Crazy’ AI Demand
Oct 8, 2024
Liu Young-Way, Chairman of Hon Hai, the world’s largest contract electronics maker, discusses the booming demand for AI servers driven by Nvidia chips. In a conversation with tech reporter Annabelle Droulers at Foxconn Tech Day, he highlights efforts to increase server capacity despite supply chain challenges. They delve into Hon Hai's strategic goals amidst forecasted sales of 20,000 units, the complexities of AI logistics, and the future of tech diversification, reinforcing the importance of adapting to rapid market changes.
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Quick takeaways
- Hon Hai is ramping up server production to meet the skyrocketing demand for Nvidia chips essential for AI development.
- Despite initial shipping delays, Foxconn remains optimistic about sustained interest from hyperscalers in the growing AI market.
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