{"id":1205,"date":"2023-06-01T10:07:44","date_gmt":"2023-06-01T10:07:44","guid":{"rendered":"https:\/\/www.unboxfame.com\/news\/?p=1205"},"modified":"2023-06-01T10:07:45","modified_gmt":"2023-06-01T10:07:45","slug":"taiwans-foxconn-predicting-huge-growth-in-ai-service-business","status":"publish","type":"post","link":"https:\/\/www.unboxfame.com\/news\/taiwans-foxconn-predicting-huge-growth-in-ai-service-business\/","title":{"rendered":"Taiwan\u2019s Foxconn Predicting Huge Growth In AI Service Business"},"content":{"rendered":"\n<p>Foxconn, an electronic business company in Taiwan had predicted a three-digit growth in its AI service business as there has been robust AI <strong>product service<\/strong> demand, the company&#8217;s chairman said on Wednesday.<\/p>\n\n\n\n<p>Foxconn officially known as Hon Hai Precision Industry is the world\u2019s largest manufacturer of electronics which also assembles devices for many <strong>international brands<\/strong> to one o which is <strong>Apple\u2019s iPhone products<\/strong>.\u00a0 And now the company has expanded its area range from electric vehicles to semiconductors and services.<\/p>\n\n\n\n<p>Hon Hai\u2019s revenue for servers reached <strong>1.1 trillion Taiwan dollars<\/strong> alone in 2022, that is $36 billion and obtained\u00a0 40% of the global market share, Chairman Young Lui shared in the annual shareholders&#8217; meeting in Taipei.<\/p>\n\n\n\n<p>Further, he added that Foxconn ranked first in the global market share for mobile phones, PCs, and servers as the AI market server is rising faster than anyone had expected.<\/p>\n\n\n\n<p>He explained that the demand for the <strong>AI program ChatGPT<\/strong> which became the spotlight last year with great features of generating essays, poems, and conversation to name some becoming a gold rush with billions of dollars of investment in the field in the world.<\/p>\n\n\n\n<p>The company also uses the latest <a href=\"https:\/\/www.unboxfame.com\/news\/nvidia-ai-supercomputer-enables-avatar-cloud-engine-for-games\/\"><strong>AI servers<\/strong> <strong>Nvidia<\/strong><\/a> chip, making the second half of the year jimping with the three-digit growth from two-digit growth. They will continue to boost the market share for servers, he further added in the meeting.<\/p>\n\n\n\n<p>Nvidia creates graphic chips long coveted by gamers but recently it has become a kind of complex process for the engines involving AI which is known as accelerated computing.<\/p>\n\n\n\n<p><strong>Nvidia\u2019s <\/strong>co-founder <strong>Taiwanese-American<\/strong> Jensen Huang on Tuesday surged to a value of more than $1 trillion in the market after its quarterly earning was released.<\/p>\n\n\n\n<p>Foxconn has maintained a flat for the year of 2023 outlook Lui said when its first-quarter profit plunged 56% on weakened demand due to a global downturn.<\/p>\n\n\n\n<p>&#8220;The global tightening monetary (policies), coupled with tense geopolitics and the significant uncertainty of inflation have a relatively large impact on the economic outlook,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foxconn, an electronic business company in Taiwan had predicted a three-digit growth in its AI service business as there has been robust AI product service demand, the company&#8217;s chairman said on Wednesday. Foxconn officially known as Hon Hai Precision Industry is the world\u2019s largest manufacturer of electronics which also assembles devices for many international brands&hellip;&nbsp;<a href=\"https:\/\/www.unboxfame.com\/news\/taiwans-foxconn-predicting-huge-growth-in-ai-service-business\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Taiwan\u2019s Foxconn Predicting Huge Growth In AI Service Business<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[130],"tags":[218],"class_list":["post-1205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-artificial-intelligence"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Taiwan\u2019s Foxconn Predicting Huge Growth In AI Service Business<\/title>\n<meta name=\"description\" content=\"Foxconn, an electronic business company in Taiwan had predicted 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