Foxconn Chairman Young Liu said the company is developing a new partnership with OpenAI after meeting Chief Executive Sam Altman on Friday, October 30, 2026, at Hon Hai Tech Day in Taipei. Liu did not disclose the collaboration's scope, timeline or financial terms, revising the earlier framing of a potential cooperation whose details would be announced after confirmation. Foxconn, formally Hon Hai Precision Industry and Nvidia's largest AI server manufacturer, currently holds about 40% of the global AI server market and aims to raise that share to 45% in 2027; research cited in the update suggests it could reach 50% within a few years. Liu said he does not see an AI bubble and forecast double-digit growth for Foxconn next year. The companies agreed in November 2025 to co-design and manufacture components and other hardware for U.S. AI data centers, with no financial obligations attached; OpenAI received early evaluation access and options to purchase the hardware later. Foxconn's cloud and networking products, including AI servers, represented 51% of second-quarter revenue, while the company expects AI infrastructure to contribute 60% to 65% of revenue in three to five years. Its U.S. footprint includes six factory buildings in Houston, Texas, where it produces AI servers for Nvidia, with plans to expand capacity. Existing plans call for Houston output to reach 2,000 AI server racks per week and 2026 shipments to more than double from the prior year. Foxconn also plans a $136 million investment in Mexico and reported record second-quarter 2026 net profit of NT$60 billion, or about $1.86 billion, with capacity booked for at least 18 months. Investors will watch for details on the OpenAI arrangement, binding orders, Houston expansion and evidence that results support Liu's growth forecast.