The group will focus on the adoption of bitcoin’s underlying technology to the Internet of Things segment.
Nvidia has unveiled the H200 chips, which is a significant improvement from H100, and is expected to be available from Q2 2024.
The two chipmaking giants will work on building AI factories for electric vehicles where Nvidia plans to use its own chips and software for the development.
Apple CEO Tim Cook is claiming that India simply offers a “huge opportunity”, so, the firm has been ramping up iPhone production in the region.
Foxconn sees sluggish demand for electronics within the global economy for the rest of the year and thus it has reduced its revenue estimates.
Foxconn expressed optimism about the upcoming third quarter, anticipating a brighter outlook as they approach the peak shopping season at the end of the year.
Contract electronics manufacturing giant Foxconn banks on explosive AI popularity to drive its server business revenue in 2023.
The growth of artificial intelligence technology is expected to increase the overall demand for fast-processing electronics.
The factory’s unflinching efforts to manufacture products will turn out to be profitable for the upcoming lunar New Year shopping season.
Foxconn’s major production base in central China, with around 200,000 employees, is currently not operating.
India is the world’s second-largest market for smartphones and with the limited presence of Apple in the region, the move to add iPhone 14 production is considered one of the most strategic steps to dominate the market.