Foxconn to invest up to $1.37 billion to expand cloud compute services and accelerate AI development

Core Viewpoint - Foxconn is investing NT$42 billion ($1.37 billion) to establish an AI compute cluster and supercomputing center, aiming to enhance its cloud computing services and smart platforms [1][2][3] Investment Details - The investment will be funded using the company's own resources and is scheduled between December 2025 and December 2026 [1] - The specific location of the project has not been disclosed, but it is likely to be in Taiwan [2] Strategic Focus - This initiative is part of Foxconn's strategy to strengthen its position in artificial intelligence (AI) and cloud infrastructure, moving beyond its traditional reliance on smartphones and electronics manufacturing [3] Previous Developments - Earlier in the year, Foxconn announced plans to build an AI center in Taiwan in collaboration with Nvidia, with a targeted power capacity of 100 megawatts [4] - In August, Foxconn partnered with Japan's SoftBank to manufacture data center equipment in Ohio, USA, as part of the Stargate project to advance US AI infrastructure [4] Expansion in India - Foxconn is also expanding its operations in India, particularly in Tamil Nadu, with a planned investment of $1.5 billion to manufacture more electronic components [5] - The company is exploring opportunities to produce components for various smartphone brands, including Google Pixel, in addition to assembling iPhones for Apple [5]