While governments in the US, Europe, India, and Japan are eager to strengthen domestic semiconductor supply chains with subsidies, Taiwan sees its irreplaceable role in helping global teams actualize their innovation faster than building fabs from scratch.

Foxconn held its earnings call for the first quarter of 2024 on May 14, during which the focus remained on AI servers and the EV market. By building upon its solid technological expertise, Foxconn hopes that innovative business models can generate more momentum across its various business groups.

Broadcom anticipates that AI chip revenue will contribute 35% to its semiconductor revenue in 2024, up sharply from 15% in 2023. The AI revenue for the year is estimated to soar past US$10 billion, more than double the 2023 level of US$4.3 billion.