iPhone maker Foxconn joins $1 trillion AI data center market with new alliance
Foxconn on Wednesday said it is taking a stake in TECO Electric & Machinery Co ., as it looks to supercharge its efforts to become a key player in building artificial intelligence data centers. The Taiwanese firm, formally known as Hon Hai, is looking to replicate the success it has had in consumer electronics in the world of AI. It's a play that could unlock Foxconn's access to a potential $1 trillion of spending by companies on data centers in the coming years, according to Counterpoint Resea