Foxconn Invests $1-5B in US AI, EV, Robotics

Foxconn, a major player in electronics manufacturing, is investing heavily in the US, aiming to spend between $1 billion and $5 billion to expand its AI hardware ecosystem. The company has partnered with OpenAI to co-design server racks for AI data centers, leveraging OpenAIs expertise in IT, power, and cooling equipment. Foxconn also plans to produce essential components like cabling and power systems in the US, aiming to assemble up to 2,000 server racks per week by 2026. This expansion is part of Foxconns broader strategy to diversify its business, reducing its reliance on iPhone assembly and exploring new ventures like electric vehicles and smart factories.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.