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 – NVIDIA (NASDAQ:NVDA), Hon Hai Precision (OTC:HNHAF)
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 Foxconn Chairman Young Liu said that the company will invest between $2 billion and $3 billion a year into AI…