00:00Taiwanese electronics assembler Foxconn is now taking in more revenue from making AI hardware than it is from smartphones.
00:08This marks a big shift for the company that made its name assembling Apple's iPhones.
00:1340% of all AI and general purpose servers in the world now come from Foxconn, where it is the largest supplier for AI powerhouse NVIDIA.
00:22The company also announced a partnership with SoftBank to build AI servers at an Ohio production facility for a $500 billion infrastructure project.
00:33Foxconn also has plans for new AI server plants in Texas and Mexico.
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