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    601138   CNE1000031P3

FOXCONN INDUSTRIAL INTERNET CO., LTD.

(601138)
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Foxconn Industrial Internet : Qualcomm Technologies and Foxconn Industrial Internet Announce High Performance AI Edge Box

07/27/2021 | 05:13am EDT

BKAV First to Deploy Cutting-Edge On-Premise Solution

SAN DIEGO -- Qualcomm Technologies, Inc. jointly announces with Foxconn Industrial Internet the design, manufacture, and launch of Gloria AI Edge Box with the Qualcomm® Cloud AI 100 inference accelerator. BKAV Corporation is the first customer to deploy the solution.

"We are excited to work with Foxconn Industrial Internet and support BKAV to accelerate the adoption of intelligent edge applications," said Keith Kressin, SVP & GM, Computing & Edge Cloud, Qualcomm Technologies, Inc. "We anticipate broad areas of adoption of Foxconn Industrial Internet's Gloria platform using our leading performance per watt AI solution, the Qualcomm Cloud AI 100. We expect customer adoption of Gloria to include a variety of environments such as retail centers, warehouses, datacenters, and factories."

This compact power-optimized system offers 70 trillion operations per second (TOPS) of artificial intelligence computing power with the Cloud AI 100 inference accelerator optimized for edge compute. Deployed with the Snapdragon® 865 Mobile Platform, Gloria is designed to support up to 24 FHD cameras for video analytic applications such as traffic analysis, security and smart retail.

"We are pleased to collaborate with Qualcomm Technologies to develop and announce availability of the outstanding Gloria AI Edge Box," said Dr. Tai-Yu Chou, CTO of Foxconn Industrial Internet ("Fii") and President of Fii's Cloud Enterprise Solution Business Group.

5G Sub-6 and mmWAVE WAN connectivity options are available for various applications and installation fields based on the Snapdragon X55 5G Modem-RF System. Gloria is designed to support the option to utilize 5G, providing an optimal solution for broad-based deployments. Gloria is also designed to support indoor and outdoor high operating temperature environments.

"The Gloria on-premises AI Edge box manufactured by Foxconn Industrial Internet will allow us to demonstrate incredible performance with low power at a competitive price point," said Nguyen Tu Quang, Chairman & CEO, BKAV. "Gloria will support us to accelerate AI applications in businesses and government, and revolutionize our work with smart cities, smart construction, and agriculture, among other verticals." Engineering samples of Gloria will be available later this year, and commercial availability is expected in the second quarter of 2022.

About Qualcomm

Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. We bring the benefits of mobile tonewindustries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries,substantiallyall of our engineering, research and development functions, andsubstantially all of our products and services businesses, including our QCT semiconductor business. Artificial IntelligenceQualcomm contacts: Mauricio Lopez-Hodoyan Pete Lancia

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(C) 2021 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2021 465 B 72 807 M 72 807 M
Net income 2021 20 109 M 3 146 M 3 146 M
Net cash 2021 58 882 M 9 211 M 9 211 M
P/E ratio 2021 11,3x
Yield 2021 1,79%
Capitalization 228 B 35 706 M 35 710 M
EV / Sales 2021 0,36x
EV / Sales 2022 0,31x
Nbr of Employees 196 159
Free-Float 14,0%
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Foxconn Industrial Internet Co., Ltd. Technical Analysis Chart | 601138 | CNE1000031P3 | MarketScreener
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Number of Analysts 11
Last Close Price 11,49 CNY
Average target price 16,79 CNY
Spread / Average Target 46,1%
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Managers and Directors
Hong Meng Zheng Vice Chairman & General Manager
Chun Hung Kuo Chief Financial Officer & Board Secretary
Jun Qi Li Chairman
Guo Hui Hu Chairman-Supervisory Board
Tai Yu Zhou Director & Chief Technology Officer
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