Foxconn to invest $2-3 billion yearly in AI over next 3-5 years; chairman predicts China EV market shakeout amid fierce competition, discusses Japan investments

Foxconn to spend up to $3 billion a year on AI, chair sees China EV shakeout

Item 1 of 2 A Foxconn electric two-wheeler powertrain system is displayed at Foxconn?s annual tech day in Taipei, Taiwan October 8, 2024. REUTERS/Ann Wang/File Photo[1/2]A Foxconn electric two-wheeler powertrain system is displayed at Foxconn?s annual tech day in Taipei, Taiwan October 8, 2024. REUTERS/Ann Wang/File Photo Purchase Licensing Rights, opens new tabSummaryCompaniesFoxconn to invest $2-3 billion annually in AI over the next 3-5 years -LiuChina's EV market faces fierce competition, co...