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Foxconn's chairman told CNBC that AI demand remains strong and that the company hopes to own 50% of the global AI server market within a couple of years. The company is also eyeing U.S. expansion. The report gives no timeline details or financial figures.

Sources:CNBC Top News

1 outlet · 1 article · first seen Oct 30, 6:02 AM ET

What this touches in markets

Stored closes for the instruments tied to this story's tags and places, with their dates.

  • XLK closed at 188.74, down 1.18%, on 2026-10-29. Listed for: Technology sector ETF.

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