Foxconn’s chairman, Young Liu, has announced that the company plans to invest as much as US$2–3 billion every year into artificial intelligence over the next three to five years.
He emphasized that AI will make up the majority of Foxconn’s near-term capital spending, redirecting more than half of its projected $5 billion annual budget into AI infrastructure and R&D Liu noted that Foxconn’s cloud and networking business — which includes its AI server operations — has now outgrown its...
