Core Viewpoint - Foxconn is constructing the world's largest production plant for Nvidia's GB200 "superchips," which are essential for artificial intelligence servers [1][2]. Group 1: Company Overview - Foxconn, officially known as Hon Hai Precision Industry, is the largest contract electronics manufacturer globally, assembling devices for major tech companies like Apple [2]. - The company is diversifying its operations beyond electronics assembly, venturing into electric vehicles, semiconductors, and server production [2]. Group 2: Production Facility Details - The new GB200 production facility will be the largest of its kind in the world, as stated by senior executive Benjamin Ting during the annual "Hon Hai Tech Day" [2][3]. - The location of the new plant has been confirmed to be in Mexico [3]. Group 3: Strategic Partnerships and Future Plans - Foxconn has previously announced a collaboration with Nvidia to establish "AI factories," which are advanced data-processing centers aimed at producing next-generation products [5]. - Unlike competitors such as Intel and Micron, Nvidia relies on subcontractors for chip manufacturing, positioning Foxconn as a key player in this supply chain [4].

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 ...

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 ...

Group 1 - The article emphasizes the investment service "Asia Value & Moat Stocks," which targets value investors looking for Asia-listed stocks with significant discrepancies between price and intrinsic value [1] - Hon Hai Precision Industry Co., Ltd. (Foxconn) is rated as a Buy, with a positive outlook for both the near term and long run [1] - The author of the article provides investment ideas focused on deep value balance sheet bargains and wide moat stocks, particularly in the Hong Kong market [1]

Core Insights - Foxconn reported a 6% increase in net profit for Q2, driven by strong demand for AI servers [1][2] - The company's net profit for April-June reached NT$35.05 billion (US$1.08 billion), up from NT$33 billion in the same period last year [2] - This marks the fourth consecutive quarter of profit growth, fueled by the rising popularity of generative AI products like ChatGPT [3] Financial Performance - Net profit increased to NT$35.05 billion (US$1.08 billion) from NT$33 billion year-over-year [2] - Revenues for AI servers surged by 60% compared to the previous quarter [3] Strategic Initiatives - Foxconn aims to expand beyond electronics assembly, investing in the AI technology market [4] - The company plans to collaborate with Nvidia to create "AI factories," which are advanced data-processing centers for next-generation product production [4]

Northstar Medical Radioisotopes, a biotech startup building a rapidly growing campus of buildings just off the interstate, is developing cancer diagnostics and treatments that use radioactive materials. CEO Frank Scholz says it is the most exciting technology out there. The designation allows Wisconsin to compete for up to $70 million in federal grant money. More important, it formalizes a consortium of companies, including GE Healthcare Technologies — which has a major presence in the Milwaukee suburbs — a ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 21 June 2024 | 12:02AM HKT Hon Hai (2317.TW): AI to support smartphone demand; AI servers to ramp up ahead; TP up to NT$257; Buy We are positive on Hon Hai and raise our target price to NT$257 (vs. previously at Allen Chang +852-2978-2930 | NT$227) to reflect higher iPhone shipment post Apple WWDC event, with highlights allen.k.chang@gs.com Goldman Sachs (Asia) L.L.C. of AI features (report by Michael Ng) helping to drive the replacement cycle. Despite Verena Jeng rising competi ...

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 said Friday its global market for artificial intelligence servers is expected to increase to 40 percent this year, with AI products being the main driver for growth. Foxconn—known officially as Hon Hai Precision Industry—is the world's biggest contract electronics maker and builds devices for several ...

Images_By_Kenny Elevator Pitch Hon Hai Precision Industry Co., Ltd. (OTCPK:HNHAF) (OTCPK:HNHPF) [2317:TW] shares are awarded a Buy rating. My earlier October 30, 2023 write-up touched on Hon Hai's full-year FY 2023 prospects and risks pertaining to the company's Mainland Chinese manufacturing operations. This latest update focuses on HNHAF's recent quarterly results, its latest monthly sales numbers, and the company's FY 2024 outlook. Hon Hai's Q1 2024 bottom line was below the consensus estimate as a resul ...

The bulk of Foxconn's operations is based in China, and it is the country's largest private-sector employer with more than a million workers nationwide. 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 on Tuesday reported a 72 percent jump in net profit during the first three months of 2024 compared to the same period last year as demand for investm ...