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

FILE PHOTO: A Foxconn electric two-wheeler powertrain system is displayed at Foxconn’s annual tech day in Taipei, Taiwan October 8, 2024. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) -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.