Some now very relevant background reading to the news release from yesterday:

"Foxconn, the world's biggest contract electronics maker, is capitalizing on the burgeoning demand for artificial-intelligence servers, with the company projecting a significant boost in its AI server sales this year and beyond.

Foxconn spokesman James Wu said on a call with investors Tuesday that in the first quarter of 2024, AI server sales roughly tripled from a year earlier and grew by double digits from the previous quarter. AI servers now account for nearly 40% of the company's total server revenue, and Foxconn said it aims to maintain that share for the year. [...]

Wu predicted that the revenue generated by AI servers will continue to rise each quarter.

Known for assembling iPhones for Apple, Foxconn now plays an increasingly important role in building AI servers for U.S. giants such as Amazon, Google, Microsoft and Nvidia, in places including Mexico.

The company said cloud and networking products including servers now account for 28% of Foxconn's total revenue, up from 22% a year earlier, representing the second-largest product segment. The introduction of new AI products, such as servers powered by Nvidia's latest chips, is expected to drive further revenue growth through 2025, although consumer electronics will likely remain the company's leading revenue source, Wu said."

Here you can find the whole text: https://www.marketscreener.com/quote/stock/FOXCONN-TECHNOLOGY-CO-LTD-6496501/news/Foxconn-Expects-Significant-Boost-in-AI-Server-Sales-46717361/