Foxconn and OpenAI prepare new AI partnership

Foxconn chairman Young Liu announced a developing partnership with OpenAI and dismissed concerns over an artificial intelligence bubble. The contract manufacturer expects continued double digit growth driven by robust demand for AI servers.

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Foxconn Chairman Young Liu speaks at the opening of Foxconn's annual Hon Hai Tech Day in Taipei, Taiwan October 30, 2026. REUTERS/Tsai Hsin-Han

HON HAI PRECISION INDUSTRY is working on an expanded collaboration with OpenAI, Chairman Young Liu said on Friday morning in Taipei. The partnership builds on last year's joint work on AI server hardware infrastructure. Liu expects double-digit growth next year, dismissing market bubble fears.