Foxconn chief dismisses AI bubble fears amid OpenAI talks
Foxconn Chairman Young Liu rejected concerns about an AI investment bubble during a technology showcase in Taipei. He met OpenAI CEO Sam Altman and hinted at an upcoming announcement, though details remain undisclosed. The collaboration would expand on last year’s agreement, focusing on AI hardware like data-centre racks and components for OpenAI’s models and infrastructure needs.
Key points
- Foxconn Chairman Young Liu called AI spending unsustainable bubble fears ‘rejected’ during a Taipei tech event
- Foxconn and OpenAI are reportedly finalizing a new partnership after last year’s hardware collaboration agreement
- AI infrastructure now makes up 51% of Foxconn’s cloud and networking revenue, up from previous quarters
Foxconn’s confidence stems from its growing AI infrastructure business, which now accounts for 51% of its cloud and networking revenue. The company operates six AI server factories in Texas and expects double-digit growth next year. Liu also noted that AI demand remains strong, despite broader investor skepticism about the industry’s spending on chips, servers, and data centers.
The story so far
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AI bubble fears rejected by Foxconn chief amid OpenAI talks
yourstory.com · 1 November 2026
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