Foxconn to invest $138M for China HQ

By Reuters

Jul 25, 2024 12:08 am

Foxconn, formally called Hon Hai Precision Industry Co Ltd., signed a contract with the Henan provincial government for the proposed project, which will have a construction area of about 700 acres (283 hectares), the company said.

Foxconn is benefiting from strong demand for servers for artificial intelligence (AI) applications, with its customers also including AI chip darling Nvidia.

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