Taiwanese tech giant Foxconn is transitioning away from its traditional focus on consumer electronics like iPhones, turning towards lucrative opportunities in the realm of artificial intelligence (AI) servers and cloud infrastructure. The company’s revenue structure has been shifting significantly, with AI server sales surpassing those from smart consumer devices for the first time during Q2. This shift is attributed to a strategic push by Chairman Young Liu, who has spearheaded investments in AI servers, electric vehicles, and semiconductors. Foxconn’s early investment in these areas has positioned it as a major supplier of both general-purpose and AI servers, with a market share nearing 40% in each category.