Electronics Giant Foxconn Looks To Diversify With EV Foray

Foxconn, a major electronics assembler, is shifting focus to higher-value products as the smartphone market matures. The company is making strides in AI servers, collaborating with NVIDIA, Microsoft, and Amazon. It is also exploring semiconductors, focusing on older chips for internal use, including electric vehicles (EVs). Foxconn aims to enter the automotive market, offering cost-effective manufacturing solutions. Despite potential in EV outsourcing, valued at over $140 billion by Goldman Sachs, Foxconn has yet to secure a major automotive client.

What has allowed Foxconn to build an enormous business?

What area is Foxconn focusing on to generate better profits?

Which companies is Foxconn collaborating with on artificial intelligence infrastructure?

What is the projected worth of EV outsourcing by the end of the decade according to Goldman Sachs?

What are Foxconn's ambitions in the automotive sector?