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Foxconn reports record fourth quarter revenue, boosting global chip stocks
Proactiveinvestors NA· 2025-01-06 17:10
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Foxconn Announces Strategic Partnership With Zettabyte to Transform AI Data Centers
Prnewswire· 2024-12-23 14:02
TAIPEI, Dec. 23, 2024 /PRNewswire/ -- Zettabyte, a global leader in AI data center software and infrastructure solutions, is proud to announce a strategic partnership with Hon Hai Technology Group (Foxconn), the world's largest electronics manufacturer. This collaboration, underpinned by capital funding, aims to drive innovation and expand the adoption of energy-efficient AI solutions worldwide.At the forefront of Zettabyte's offerings is Zware, its advanced AI data center management software. Zware optimiz ...
Foxconn Plans to Build World's Largest Nvidia GB200 Chip Factory
Gurufocus· 2024-10-08 16:17
Foxconn (FXCOF, Financial), the world's largest electronics manufacturer, has announced that it is building the largest production facility for Nvidia's (NVDA) GB200 Superchips in Mexico. Through this construction, Foxconn can meet the rising demand from the Nvida Blackwell platform, which is crucial for the AI industry. Benjamin Ting, a senior executive at Foxconn, emphasized the significance of the partnership with Nvidia, stating, "We're building the largest GB200 production facility on the planet." Whil ...
Foxconn Expands to Meet Soaring Demand for Nvidia's GB200 AI Chips
Gurufocus· 2024-10-08 11:50
Foxconn's parent company, Hon Hai Precision Industry Chairman Liu Yangwei, revealed that market demand for Nvidia's Blackwell chips has reached "frenzied levels." Foxconn plans to become the first company to massproduce and ship AI critical components, including servers and data centers equipped with these powerful chips. By 2025, the company aims to achieve a production capacity of 20,000 Nvidia NVL72 cabinets. Foxconn announced its project to build the world's largest Nvidia GB200 chip manufacturing facil ...
Foxconn to Boost Server Production Amid Surging AI Chip Demand from Nvidia
Gurufocus· 2024-10-08 08:50
Foxconn is set to increase its server production capacity to meet unexpected strong demand for Nvidia's cuttingedge AI chips. Company Chairman Liu Young-way highlighted the intense market interest in the next-gen Blackwell chips, aligning with Nvidia CEO Jensen Huang's recent statements. The company is establishing the largest global server assembly plant utilizing Nvidia's advanced Grace Blackwell chips in Mexico. For the first time, Liu disclosed that Foxconn plans to reach a production capacity of 20,000 ...
Taiwan's Foxconn says building world's largest 'superchip' plant
Techxplore· 2024-10-08 08:20
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Taiwanese tech giant Foxconn says it is building the world's largest production plant for Nvidia's GB200 'superchips' Taiwanese tech giant Foxconn said on Tuesday it is building the world's largest production plant for US hardware leader Nvidia's GB200 "superchips" that power artificial intelligence servers. Foxconn, also known b ...
Foxconn Boosts Production of Nvidia Super Chips to Meet Surging Demand
Gurufocus· 2024-10-08 08:10
Foxconn is constructing the world's largest factory for Nvidia's super chips in Mexico, aiming to address the massive demand for Nvidia's Blackwell platform. A company executive highlighted this major development, emphasizing the strategic collaboration between Foxconn and Nvidia. In August, Nvidia announced that it had begun shipping samples of the Blackwell chips to partners and clients following design adjustments. The company anticipates substantial revenue growth in the fourth quarter due to these chip ...
Foxconn chairman says AI investment boom 'still has some time to go' as language models evolve
CNBC· 2024-10-07 23:09
The boom in corporate investment into artificial intelligence infrastructure still has some way to go as large language models are continuing to evolve, according to the CEO of Foxconn, a key supplier to Apple. Speaking with CNBC's Emily Tan, Chief Executive and Chairman of Foxconn Young Liu, said that the AI boom "still has some time to go" as advanced language models from the likes of OpenAI are becoming increasingly intelligent with each new iteration that comes out. He said that the general movement in ...
Hon Hai: Favorable Short-Term And Long-Term Prospects
Seeking Alpha· 2024-09-19 16:40
Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e. buying assets at a discount e.g. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). Sign up here to get starte ...
Foxconn net profit rises in second quarter on AI demand
Techxplore· 2024-08-14 08:11
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain Taiwanese tech giant Foxconn on Wednesday reported a six percent jump in net profit for the second quarter of the year, driven by strong growth in demand for artificial intelligence servers. Also known by its official name Hon Hai Precision Industry, the firm is the world's largest contract elect ...