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Foxconn Sees AI Boom Driving 2026 Growth, Hints at OpenAI Collaboration

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Foxconn, the world’s largest contract electronics manufacturer and key supplier to Apple and Nvidia, projected strong growth from artificial intelligence (AI) demand heading into 2026 — and teased a major announcement with OpenAI next week.

Chairman Young Liu told investors on Wednesday that the AI industry was only in its early stages and would soon become a central driver of global technology growth.
“Judging from what we see now, I am very optimistic about the AI market next year,” Liu said during the company’s quarterly earnings call. “The development of AI is still just beginning.”

Foxconn’s cloud and networking division, which includes AI server manufacturing, has now surpassed its consumer electronics segment — which includes iPhones — for the second consecutive quarter.

The company expects significant year-on-year revenue growth in the fourth quarter, with AI server sales continuing to rise quarter-on-quarter. Third-quarter profit jumped 17% to T$57.67 billion ($1.89 billion), beating analyst expectations.

Liu also hinted at an OpenAI-related announcement to be revealed during Foxconn’s annual Tech Day in Taipei next week, but declined to provide further details. OpenAI has not yet commented on the matter.

Foxconn — formally known as Hon Hai Precision Industry — has benefited from a global data center expansion led by Amazon, Microsoft, and Google, as they ramp up investments in AI infrastructure.

Beyond AI, Foxconn continues to invest in electric vehicles (EVs), despite recent challenges in its EV manufacturing ventures in the U.S.

So far this year, Foxconn’s shares have risen 36%, outperforming Taiwan’s broader market index, which is up 21%.

Apple Reportedly to Double Monthly AirPods Production in India Following iPhone Expansion

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Apple is accelerating its manufacturing presence in India, expanding beyond iPhone production to include its popular AirPods lineup. The company has partnered with contract manufacturers such as Tata and Foxconn to assemble iPhones locally, and now Foxconn is reportedly planning to double the production capacity of its Hyderabad facility where AirPods are made. This expansion is part of Apple’s broader strategy to reduce reliance on Chinese manufacturing and diversify its global supply chain. Devamını Oku

Apple urges India to revise tax law that could hinder its expansion plans

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Apple is lobbying the Indian government to amend an income tax law that could expose the company to billions in additional taxes over equipment ownership, according to sources familiar with the matter. The U.S. tech giant seeks to ensure it is not taxed for owning high-end iPhone assembly machinery used by its contract manufacturers, such as Foxconn and Tata, as it ramps up production in India.

The push comes as Apple expands its footprint beyond China, where it traditionally owns production equipment but faces no tax liability. Under India’s 1961 Income Tax Act, however, such ownership would create a “business connection,” potentially subjecting Apple’s global iPhone profits to Indian taxes.

Executives have held discussions with Indian officials in recent months to seek changes to the law, warning that current regulations could stall future growth. “If the legacy law is changed, it will become easy for Apple to expand … India can become more competitive globally,” one industry source said.

India’s government is cautiously reviewing Apple’s request, balancing its need for foreign investment with the protection of its taxation rights. A senior official said talks are ongoing, calling it “a tough call,” but added that India “needs investments” and aims to find a workable solution.

Analysts note that specialized iPhone assembly equipment can cost billions of dollars — far beyond what local manufacturers can finance — underscoring the urgency of Apple’s appeal. The lobbying highlights the stakes as India seeks to position itself as a global smartphone manufacturing hub while maintaining fiscal sovereignty.