Chairman of Foxconn predicts AI contribution will account for 40% of the company's total cloud computing revenue

Zheng Hongmeng, chairman of Foxconn Industrial Internet, predicts that in 2024, the contribution from AI will reach 40% of the company's total cloud computing revenue, and the company's global market share of AI servers will reach 40%. He expects that the company's advantages in the AI ​​supply chain will be further highlighted. Benefiting from the strong growth in demand for artificial intelligence (AI) servers, Foxconn Industrial Internet achieved revenue of 266.091 billion yuan in the first half of 2024, a year-on-year increase of 28.69%; net profit attributable to shareholders of listed companies reached 8.739 billion yuan, a year-on-year increase of 22.04%, both of which set a record high for the same period since the company went public.