Foxconn Warns of Chip Shortage sees ‘Slightly Better’ 2024 – The Economic Times – Mumbai

Taiwan’s Foxconn, Apple’s biggest iPhone assembler and the world’s largest contract electronics maker, expects its business this year to be “slightly better” than last year but is facing a shortage of chips for AI servers. “We did pretty well last year, although we had a rather large write off in the first quarter,” Foxconn chairman Liu Youngway said on Sunday, referring to awritedown related to its 34% stake in Japanese electronics maker Sharp.