Foxconn to invest up to $1.37 billion in AI compute cluster, supercomputing centre

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Taiwan’s Foxconn said its board of directors has approved an investment plan to procure equipment for a AI compute cluster and a supercomputing centre, that will allow it to spend up to NT$42 billion ($1.37 billion).

The investment will be made from December 2025 to December 2026 using its own funds, the company said in a filing published late on Monday.

Foxconn said the purpose of the plan is “to expand the cloud compute service platform and accelerate the development of the Group’s three smart platforms.” It did not elaborate or say where the…



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Foxconn to invest up to $1.37 billion in AI compute cluster, supercomputing centre



Taiwan’s Foxconn said its board of directors has approved an investment plan to procure equipment for a AI compute cluster and a supercomputing centre, that will allow it to spend up to NT$42 billion ($1.37 billion).

The investment will be made from December 2025 to December 2026 using its own funds, the company said in a filing published late on Monday.

Foxconn said the purpose of the plan is “to expand the cloud compute service platform and accelerate the development of the Group’s three smart platforms.” It did not elaborate or say where the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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