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Liu Young-way, the Chairman of Hon Hai, announced that the company has mapped out a strategy to invest between US$2 billion and US$3 billion annually in the artificial intelligence (AI) domain. In the upcoming three to five years, the portion of funds earmarked for AI infrastructure and technological advancements will constitute over half of the company's yearly capital outlay, which stands at roughly US$5 billion. Presently, Hon Hai's earnings from cloud computing and networking services (with AI servers included) have outstripped those from consumer electronics for two successive quarters. This clearly signals a swift shift in its revenue composition, reflecting the company's strategic pivot towards the burgeoning AI market, a move that aligns with global technological trends and market demands.
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