TAIPEI – Foxconn’s chairman Young Liu expects to boost the company’s gross margin to 7% from 3-4% by the end of the year, according to reports. Gross margin above 10% in the long term is the goal.

The company has devised a "3+3 strategy" aimed at the EV, robotics and digital health industries, backed by AI, semiconductor, and 5G. Foxconn Research Institute is responsible for this transformation.

Wei-Bin Lee, CEO of Foxconn Research Institute, said Foxconn's business groups have matured and are able to identify products in the next one to two years. To grasp trends in the next three to five years, Foxconn must focus on R&D.

"Foxconn doesn't do purely experimental research,” Lee said. “Its research focuses are always guided by the overall corporate strategies and driven by down-to-earth topics developed in accordance."

The research institute has five centers, focusing on AI, semiconductor, next-generation communications, information security, and quantum computing, with some 40 staff at each center.

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