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Foxconn Expects Continued Capex Growth in US, Others as AI Demand Stays 'Very Strong'

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Hon Hai Precision (TPE:2317), d/b/a Foxconn, flagged Wednesday with its earnings report continued investments in Taiwan, the U.S., Mexico and Vietnam as AI demand remains "very strong."

In the U.S., the company is planning capital expenditure growth as it moves to expand research and development and manufacturing capabilities in Texas, Wisconsin, Ohio and California to meet localization needs.

Meanwhile, in order to keep "a sound capital structure," the electronics manufacturer said it does not plan to tap into direct equity financing to fund its operations and expansion.

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