Nvidia (NASDAQ:NVDA) supplier Foxconn Technology Group, also known as Hon Hai Precision Industry Co., Ltd (OTC:HNHAF), has announced a significant investment in artificial intelligence (AI) and supercomputing infrastructure.
Entirely Self-Funded AI Compute Plan
Foxconn's board has approved up to NT$42 billion (around $1.37 billion) to build an AI compute cluster and a supercomputing center.
The investment, to be funded entirely from the company's own resources, will take place between December 2025 and December 2026, according to a filing released late Monday, Reuters reported.
Foxconn said the investment is intended to grow its cloud computing platform and speed up development of its three smart platforms. The company did not share additional details or clarify where the investment will be allocated.
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