Foxconn will invest US$2 billion to $3 billion a year in AI, Reuters reports, citing Chairman Young Liu, and it will account for more than half of Foxconn’s roughly $5 billion in annual capex budget. Liu also said China’s electric vehicle sector faces consolidation as fierce competition means, “they’re not making money.” $Apple(AAPL.US) #AIservers #Foxconn
Source: Dan Nystedt
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