FOXCONN TO SPEND UP TO $3 BILLION A YEAR ON AI, CHAIR SEES CHINA EV SHAKEOUT
https://media.zenfs.com/en/reuters-finance.com/ffb4b2f388c8f4d60cedf110f66fae29
✍️ Foxconn, the world's largest contract electronics maker, plans to invest $2-3 billion annually in AI, with the technology expected to account for more than half of its capital expenditure over the next three to five years.
👉 Foxconn to invest $2-3 billion annually in AI 👉 AI to account for more than half of capital expenditure over the next three to five years 👉 Concerns about the crowded electric-vehicle market in China 👉 Prediction of a shakeout in the EV sector 👉 EV sector to become like the early personal computer industry 👉 Companies may outsource production due to intense competition
-- #YoungLiu #DavidDolan #MakiShiraki #AlexanderSmith #Tokyo #China #Japan #technology
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