Foxconn to Boost Server Production Amid Surging AI Chip Demand from Nvidia
Hon Hai Precision(HNHPF) Gurufocus·2024-10-08 16:50
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 ...