Thanks to the world’s rush to artificial intelligence (AI), Foxconn—the world’s largest assembler of electronic equipment—says it will ship twice as many servers in the second half of this year than it did in the first.
Growth in its server business will reach triple digits, company chair Young Liu said at the company’s annual meeting last week.
Foxconn builds devices ranging from Apple handhelds to industrial robots to electric cars, as well as servers under the Dell brand and directly for Amazon, Google, and other online giants.
Foxconn reported $6.6 trillion in sales last year, of which servers made up $1.1 trillion.
Nvidia, which dominates the market for AI-related computer chips, saw its market capitalization reach $1 trillion earlier this month. The company is predicting $11 billion in sales this quarter, 50 percent more than analysts had previously expected.
TRENDPOST: The realms of business and science are rushing into AI while the world is only now beginning to adjust to its omnipresence. We’re flying the airplane without fully understanding what it can, or will, do—or how to keep it from doing things we don’t want it to.
As with pharmaceutical drugs, we’re engaging in a global experiment. There will be side effects.