Young Liu: Memory Shortage Impact Limited, Foxconn Outlook for Second Half Positive

Central News Agency (Taipei, 29th) Foxconn Chairman Young Liu stated today that beyond AI applications, electric vehicles (EVs) and robotics will be the future growth drivers for edge devices. He expects that by the end of this year, the impact of memory shortages on high-end market products will be limited. Regarding the outlook for the second half of the year, Liu pointed out that the traditional "May slump, June despair" experience no longer applies to the current situation, and barring any major black swan events, Foxconn Group's performance in the second half is expected to be very strong. Foxconn held its shareholders' meeting at its Tucheng headquarters this morning. Liu noted that the AI industry continues to heat up, with the combined capital expenditure of the world's four major cloud service providers (CSPs) exceeding 700 billion USD this year, and potentially reaching 1 trillion USD by 2027. Regarding the group's second growth curve, Liu identified edge computing devices, stating that in addition to AI, EVs and robotics will be key growth drivers. Foxconn currently has 241 factory sites globally, actively laying out ecosystems for EVs, energy storage, and AI data centers in Asia, Europe, and Africa. Capital expenditure this year is expected to increase by 30% compared to 2025 to accelerate global positioning.