“I’m very confident of the medium and long-term future,” Chairman Terry Gou told investors, “While the company will face challenges in the second half of the year, 2015 will be as good as last year.”

According to the company, deals with SoftBank Corp. and Alibaba Group Holding Ltd. are part of Foxconn’s plans to invest more in big data, automation and renewable energy.

As a matter of fact, Foxconn is investing in so-called Industry 4.0 systems that use data analysis, Internet of Things (IoT) and automation to develop smart manufacturing processes.

In addition, Terry Gou expressed lots of modules are needed in the coming era of IoT and Internet of Vehicles (IoV), “This is our strength.”

However, these initiatives as well as cooperation with partners in India and China to move deeper into e-commerce, software and services will start to pay off next year. The company expects to manufacture display modules in India in the future, Terry Gou said.