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November 20,2024

Foxconn Faces EV Challenges While Expanding AI Server Business

Foxconn expects significant growth in its AI server business in 2024, forecasting AI servers to account for 50% of its server revenue. Amid trade tensions, it plans to expand investments in the U.S., Mexico, and India. The company anticipates taking 40% of the global AI server market while facing challenges in the electric vehicle sector due to slowing demand.

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