Thursday, May 29, 2025

At Foxconn's shareholder conference, Chair Young Liu says 2025 revenue is set to reach ~$234B due to AI, and reassures shareholders amid US tariff uncertainty (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal:
At Foxconn's shareholder conference, Chair Young Liu says 2025 revenue is set to reach ~$234B due to AI, and reassures shareholders amid US tariff uncertainty  —  The company has been diversifying its businesses, growing its footprint in areas like AI servers and electric vehicles



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...