Foxconn is projecting more than 170% growth in revenue from AI servers in the current quarter.
AI demand boosts iPhone maker Foxconn's second-quarter profit by 27%, beating forecasts
Foxconn said it will take a 10% stake in TECO Electric & Machinery Co as part of a share swap. The two companies are teaming up to bring their expertise together to effectively create a one-stop-shop for anyone looking to set up an AI data center.
Taiwan's Foxconn said it will hold a press conference with Taiwanese industry motor maker TECO Electric & Machinery Co at 3:30 p.m. (0730 GMT) on Wednesday.
Taiwan's Foxconn , the world's largest contract electronics maker and Apple's biggest iPhone assembler, on Saturday reported second quarter revenue rose 15.82% from the same period last year to a record for the quarter.
iPhone builder Foxconn has pulled Chinese staff from India, according to sources. Bloomberg's Dana Wollman discusses the hurdle this creates for Apple with Caroline Hyde and Ed Ludlow on "Bloomberg Tech".
Apple's biggest assembly partner Foxconn has ordered more than 300 of its Chinese employees to return home from its iPhone factories in India, Bloomberg reported, citing anonymous sources.
Taiwan's Foxconn and U.S. artificial intelligence chips maker Nvidia are in talks to deploy humanoid robots at a new Foxconn factory in Houston that will produce Nvidia AI servers, two sources familiar with the matter said.
The Taiwan-based company plays an increasingly important role in building AI servers for U.S. tech giants such as Amazon and Nvidia.
Nvidia is deepening its partnerships with Taiwanese companies, including working with Foxconn to build an AI factory supercomputer.
The Taiwanese company reported strong first-quarter results but cut its annual guidance as the world's largest contract electronics manufacturer braces for potential headwinds from newly imposed U.S. tariffs.
Taiwan's Foxconn , the world's largest contract electronics maker, is expected to report on Wednesday that first-quarter profit leapt 72% on continued strong demand for artificial intelligence servers.