AI to drive growth despite geopolitics, Taiwan's Foxconn says

Huge global demand for memory chips to use in AI data centres has caused a shortage that is threatening higher prices for everyday gadgets. — AFP

TAIPEI: Taiwanese tech giant Foxconn on Monday said it expected the booming market for artificial intelligence servers to drive growth this year, despite volatility caused by global conflict.

Strong demand for AI hardware fuelled a 24 percent annual net profit jump last year for Foxconn, the world's largest contract electronics manufacturer.