Taiwan-based electronics manufacturer Foxconn has expressed cautious optimism about its 2024 outlook while raising concerns about a potential shortage of chips for artificial intelligence (AI) applications. The company, known for being a key supplier to tech giants such as Apple, has faced numerous challenges in recent years, including the global pandemic and geopolitical tensions. However, it appears that Foxconn is beginning to see a light at the end of the tunnel.
During an earnings call on Friday, Foxconn's Chairman, Liu Young-way, stated that the company expects the next three years to be 'slightly better' compared to the previous three. This positive outlook is partly attributed to the emergence of 5G technology and the increased demand for work-from-home devices and other electronic products.
