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Benzinga
Benzinga
Business
Ananya Gairola

Nvidia-Supplier Foxconn Reportedly Bets Big On AI With Up To $3 Billion Annual Spend As Chairman Warns Of Shakeout In Brutal Chinese EV Market

shutterstock_2504136591

Nvidia Corp (NASDAQ:NVDA) supplier Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd (OTC:HNHAF), is reportedly shifting its financial firepower toward artificial intelligence.

Foxconn Pours Billions Into AI As Business Mix Shifts

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