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TPE:2317

21 stories mentioning TPE:2317

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Asia

Hon Hai, Intel Partner to Develop Next-Generation AI Infrastructure

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, formed a strategic partnership with Intel to develop and deploy next-generation artificial intelligence infrastructure and computing platforms.The companies will combine Intel's chip and software expertise with Foxconn's manufacturing and system integration capabilities to build AI solutions across data centers, edge computing and robotics, according to a Thursday press release.They plan to collaborate on AI server racks, AI accelerator systems, cooling technologies and data center infrastructure. The partnership will also target applications in smart manufacturing, smart cities, automotive and robotics.In addition, the companies will explore custom chip design and system integration opportunities to support growing demand for AI technologies.

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Asia

Hon Hai Unit to Shed Stake in Digiwin; Hon Hai Shares Rise 4%

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, said its unit Foxconn Industrial Internet decided to dispose of its holdings in Digiwin through on-market transactions, according to a Wednesday Taiwan Exchange filing.Shares slid about 4% in Thursday's afternoon trade.The deal is part of a portfolio adjustment aimed at realizing investment returns.Following the sale, Foxconn Industrial Internet will still hold 33.6 million Digiwin shares, representing a 12.4% stake, it said.

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Asia

Foxconn Partners With Radiall, Thales on French Chip Packaging Venture

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, together with Radiall and Thales, launched a semiconductor packaging joint venture, Tessalia Technology, in France, according to a statement on Monday.The partners laid the foundation stone for the facility in Le Barp near Bordeaux during the Choose France 2026 Summit.Tessalia will focus on outsourced semiconductor assembly and testing services, producing advanced packaging solutions for the aerospace, telecommunications, automotive, and medical sectors.Production is expected to begin by the end of 2029.The project could attract more than 250 million euros in investment by 2033 and employ about 800 people at full capacity, the statement said.

TPE:2317
Asia

Hon Hai, Bull to Develop AI Infrastructure in Europe

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, formed a strategic partnership with French high-performance computing firm Bull to develop artificial intelligence infrastructure in Europe.Under the deal, Bull will lead AI system design and market development, while Foxconn will handle manufacturing and supply chain support, accoridng to a Monday press release.The companies said production and initial testing will take place at Foxconn's facility in the Czech Republic, while final assembly, integration, and validation will be completed in France.The partnership aims to accelerate deployment of AI infrastructure across Europe by combining Bull's system expertise with Foxconn's manufacturing capabilities.

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Asia

Hon Hai Precision Ties Up With France's Bull for AI, Cloud Infrastructure in Europe

Taiwan's Hon Hai Precision Industry (TPE:2317), also known as Foxconn, has partnered with French advanced computing company Bull to manufacture artificial intelligence and cloud infrastructure, according to a press release on Monday.The companies will combine Bull's AI systems design and Foxconn's global manufacturing scale and supply chain capabilities to build and deliver AI infrastructure products, including computing systems and related components.Under the deal, component manufacturing and initial testing will be done at Foxconn's facility in Pardubice, Czech Republic. Meanwhile, the final assembly, system integration, and quality validation will then be carried out at Bull's factory in Angers, France.To execute the deployment in France, the project is expected to involve an initial investment of over 120 million euros.

TPE:2317
Asia

Market Chatter: Hon Hai to Begin Shipping CPO Switch Trays for AI Infrastructure

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, will start shipping co-packaged optics (CPO) switch trays for AI infrastructure this year, targeting about 10,000 units and more than doubling volumes by 2027, Nikkei Asia reported Friday, citing Chairman Young Liu.Liu said demand for faster data transmission is rising sharply alongside growing AI computing power, driving strong uptake for next-generation optical technologies used in data centers, according to the report.The technology, developed in collaboration with key industry players including Nvidia, is being produced at Foxconn's Vietnam facility, with shipments expected to begin from the third quarter as the firm expands its AI server footprint, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:2317
Asia

Market Chatter: Hon Hai Upbeat About Growth, AI-related CAPEX to Hit $1 Trillion in 2027

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, remains highly confident in its growth outlook, as cloud service providers' artificial intelligence-related capital expenditure has already surpassed $700 billion this year and could climb to $1 trillion next year, Reuters reported Friday, citing Chairman Young Liu.Young Liu attributed the optimism to soaring artificial intelligence demand and rising spending by major cloud service providers. He said the traditional mid-year slowdown for tech suppliers has disappeared, adding he was upbeat about the second half unless a major "black swan" event emerges. He noted cloud providers' AI-related capital expenditure has already exceeded $700 billion this year and could reach $1 trillion next year, the news agency said.The chipmaker earlier reported a better-than-expected 19% rise in first-quarter profit, Reuters added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:2317
Asia

Hon Hai's Singapore Unit Buys Stake in Ingrasys Technology Mexico Worth $40 Million

Hon Hai Precision Industry (TPE:2317) unit Cloud Network Technology Singapore acquired 727.5 million shares in Ingrasys Technology Mexico for $39.5 million, according to a Thursday Taiwan Exchange filing.Shares gained 1% in Friday's midday trade.The transaction is a long-term investment funded through internal capital.Following the deal, Cloud Network Technology Singapore holds a 39.6% stake in Ingrasys Technology Mexico, the filing said.

TPE:2317
Asia

Hon Hai Buys Nearly $12 Million Worth of Stake in Wcube

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, acquired 9.8 million shares in Wcube valued at $11.6 million, according to a Thursday Taiwan Exchange filing.Shares gained 1% in Friday's midday trade.The company said the transaction involved shares priced at $1 each and was carried out via its subsidiary Foxconn (Far East) as part of an internal restructuring exercise.

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Asia

Foxconn Approves Nearly $12Million Capital Reduction via Offshore Far East Holding Unit

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, will carry out a capital reduction in kind via its unit Foxconn (Far East), cancelling $11.6 million in share capital, according to a Thursday Taiwan Exchange filing.Shares gained 1% in Friday's midday trade.The change is intended to optimize its corporate structure and will result in the cancellation of shares representing 0.22% of its total capital, the filing said.Following the adjustment, Foxconn's paid-up capital will stand at $5.16 billion, it said.

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Asia

Hon Hai's Profit Rises 19% in Q1 on Strong AI Demand

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, reported a 19% annual growth in net profit for the first quarter to NT$49.9 billion, supported by strong demand for artificial intelligence products, according to a Thursday press release.Shares gained over 2% in Friday's late morning trade.Earnings per share rose to NT$3.56 from NT$3.03 a year earlier.The Taiwanese electronics manufacturer's operating profit surged 63% year-on-year to NT$75.6 billion, while revenue climbed 29% to a record NT$2.12 trillion.Gross profit margin improved to 6.18% from 6.11% a year ago, while operating profit margin rose to 3.57% from 2.83%.Foxconn said its cloud and networking business, driven by AI server demand, now contributes nearly half of total revenue, helping reduce the seasonal impact typically seen in the ICT sector.The company expects strong AI demand to continue lifting second-quarter performance, forecasting significant quarter-on-quarter growth and strong year-on-year expansion despite the industry's traditional slow season.Foxconn maintained its full-year outlook for strong growth and said capital expenditure is expected to rise more than 30% this year as it expands manufacturing capacity, automation and AI-related investments.

TPE:2317
Foxconn's Profit Rises 19% in Q1 as AI Server Demand Drives Record Revenue
US Markets

Foxconn's Profit Rises 19% in Q1 as AI Server Demand Drives Record Revenue

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, posted higher first-quarter profit as booming artificial intelligence server demand drove record revenue.Net profit attributable to the parent company rose 19% to NT$49.9 billion in the January-to-March period, the company said Thursday.Earnings per share came in at NT$3.56 from NT$3.03 in the corresponding period last year.Revenue climbed 29% to a record NT$2.12 trillion.Nvidia's largest AI server supplier and Apple's main iPhone assembler said rapid growth in AI server demand reshaped its revenue mix, with its cloud and networking business accounting for nearly half of group revenue during the quarter.Foxconn's rotating Chief Executive, Michael Chiang, said artificial intelligence continued to underpin the company's growth outlook as major cloud service providers ramp up spending on AI infrastructure."AI remains the most important growth driver this year," Chiang said on an earnings call, according to Reuters. He added that major cloud service providers have recently increased capital spending plans."AI is not a short-term theme, but a structural transformation of the industry," Chiang said.The company forecast significant quarter-over-quarter and strong year-over-year growth in the second quarter, supported by sustained AI demand, while maintaining its full-year outlook for strong growth.Foxconn said AI rack shipments are expected to more than double this year, with quarterly shipment volumes rising sequentially as customer projects advance.The company also said shipments and revenue from high-speed switches above 800G could double this year as AI data centers increasingly adopt faster networking architectures.Capital expenditures rose about 27% year over year to NT$174 billion last year and are expected to increase by more than 30% this year as Foxconn expands regional manufacturing capacity, automation deployment, and core infrastructure.Foxconn's growing AI infrastructure ambitions come as SoftBank (TYO:9984) has reportedly begun discussions with Nvidia and Foxconn on plans to develop "made-in-Japan" artificial intelligence servers, according to a Nikkei report earlier this month.The report said SoftBank aims to establish a domestic AI server production framework by the end of the decade, initially assembling externally sourced components before eventually expanding into full-scale server manufacturing.Foxconn has also been expanding its footprint in electric vehicles, recently deepening its push into Europe through a strategic partnership with Poland's state-backed ElectroMobility Poland.

TPE:2317TYO:9984
Asia

Market Chatter: US Approves Sale of Nvidia's H200 Chips to China, But Zero Deliveries Made

Despite U.S. clearance for 10 Chinese companies, including Alibaba Group (HKG:9988), Tencent Holdings (HKG:0700) and ByteDance to buy Nvidia H200 chips, zero deliveries have been made to date, Reuters reported Thursday. citing three people familiar with the matter.While the U.S. Commerce Department approved sales of up to 75,000 units per company, Beijing has reportedly told local companies to stall purchases.Other companies that secured licenses to buy Nvidia chips include JD.com (HKG:9618), Lenovo (HKG:0992) and Hon Hai Precision Industry (TPE:2317) or Foxconn, the report said.Nvidia CEO Jensen Huang expects U.S. President Donald Trump and Chinese President Xi Jinping to build on their good relationship during the US-China summit to improve ties, Huang told Chinese state broadcaster CCTV on Thursday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0700HKG:0992HKG:9618HKG:9988TPE:2317
Asia

Hon Hai's North American Factories Hit by Cyberattack

Hon Hai Precision Industry (TPE:2317) said some of its North American factories were recently targeted in a cyberattack, according to a Tuesday filing on the London Stock Exchange.Shares of the electronics contract manufacturer slid over 1% in Wednesday's late morning trade.The company, also known as Foxconn, said its cybersecurity team activated emergency response measures immediately to maintain production and delivery operations.The affected facilities are gradually returning to normal production, Hon Hai added, without disclosing the scale of the attack or any financial impact.

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Asia

EU Clears Foxconn-Mitsubishi Fuso Bus Joint Venture Deal

The European Commission has approved the formation of a joint venture between Hon Hai Precision Industry, commonly known as Foxconn (TPE:2317), and Japan's Mitsubishi Fuso Truck and Bus, which is controlled by Daimler Truck, to develop and manufacture commercial buses.The venture will focus on the production and supply of heavy and light buses, according to a regulatory update on Monday.The regulator said the deal does not raise competition concerns due to its limited impact within the European Economic Area. The review was conducted under a simplified merger procedure.

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Asia

Japan Equities Slide Amid Rising Middle East Tensions

Japanese shares closed lower on Friday as escalating Middle East tensions stoked concerns over energy supplies and weighed on investor sentiment.The Nikkei 225 fell 0.19%, or 120.19 points, to close at 62,713.65.U.S. President Donald Trump warned Iran of stronger military action if it failed to quickly reach a deal, while saying the ceasefire remained in place.Global equities have gained in recent weeks on optimism that AI-related spending will support corporate earnings, while investors also monitored U.S. efforts to ease tensions with Iran in hopes of containing energy prices and sustaining risk appetite.On the domestic front, Japan's real wages rose 1% in March from a year earlier, while nominal wages gained 1.6% and overtime pay increased 1.9%, government data showed Friday.Japan's services sector growth slowed to an 11-month low in April as weaker demand and rising costs pushed companies to raise prices sharply, complicating the Bank of Japan's policy outlook ahead of a possible rate increase.In corporate news, Infroneer (TYO:5076) rose 5% after lowering the conversion price for its 2029 zero-coupon green convertible bonds following approval of a 90 yen-per-share dividend.Mitsubishi UFJ Financial Group (TYO:8306) fell 2% after saying it will partner with Google to develop AI-based retail financial services. Meanwhile, SoftBank Group (TYO:9984) dropped 5% amid plans to develop and manufacture AI servers domestically with support from Nvidia and Foxconn (TPE:2317).

Nikkei 225TPE:2317TYO:5076TYO:8306TYO:9984
Asia

Market Chatter: SoftBank Holds Talks With Nvidia, Foxconn on AI Server Production; Shares Down 5%

SoftBank Group (TYO:9984) is considering developing and manufacturing AI servers domestically, with plans to begin designing and assembling some components by the end of the decade, Nikkei Asia reported Friday.The mobile unit of SoftBank Group is focusing on high-performance AI servers capable of running advanced graphics processing units and may outline the initiative in its medium-term business plan expected as soon as Monday, the report said.SoftBank has started talks with Nvidia and Foxconn (TPE:2317) on server development and production. The company aims to initially assemble externally sourced parts before expanding to end-to-end server manufacturing, according to Nikkei.SoftBank is reportedly also considering establishing a production base at a former Sharp (TYO:6753) plant in Sakai, Osaka, acquired last year.The servers would support the company's data centers and AI-RAN infrastructure, which integrates telecom base stations with AI processing capabilities, according to the report.SoftBank's shares fell 5% in Tokyo trading recently.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Taiwanese Chip, Tech Firm Plan About NT$1 Trillion Investment in US

Taiwanese semiconductor and tech companies are planning around NT$1 trillion ($35 billion) in fresh investment in the United States, Focus Taiwan reported Thursday, citing Economy Minister Kung Ming-hsin.He said about 20 firms, including GlobalWafers (TWO:6488) and Foxconn (TPE:2317), have signaled US expansion plans, excluding TSMC, which has already committed NT$5.17 trillion separately.Kung also said progress is being made on a double taxation relief bill, while CPC Corp advanced its energy cooperation through a 25-year LNG deal with US LNG firm, Cheniere, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Taiwan WeightedTPE:2317TWO:6488
Asia

Hon Hai, Mitsubishi Electric to Explore Automotive Equipment Partnership; Hon Hai Shares Gain 3%

Hon Hai Precision Industry (TPE:2317) and Mitsubishi Electric (TYO:6503) signed a memorandum of understanding to explore a strategic partnership in the automotive equipment business, according to a Friday Taiwan Exchange filing.Shares of Hon Hai rose about 3% in Monday's midday trade in Taiwan, while those of Mitsubishi Electric gained marginally in Tokyo.Under the deal, both sides will discuss the possibility of jointly operating the business, including Foxconn potentially acquiring a 50% stake in Mitsubishi Electric Mobility.The plan remains subject to mutual agreement on commercial terms and regulatory approvals before any final deal is reached.Discussions are still in the exploratory stage, and no binding transaction has been completed, the companies said.The move is part of its broader push into the automotive and mobility sector, the filing said.

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Asia

Mitsubishi Electric, Foxconn Sign MOU for Automotive Equipment JV

Mitsubishi Electric (TYO:6503) and Hai Technology Group (Foxconn) (TPE:2317) signed an MOU to explore a strategic alliance for jointly operating Mitsubishi Electric's automotive equipment business.Under the proposed deal, Foxconn would acquire a 50% stake in Mitsubishi Electric Mobility Corp., according to a statement on Saturday.The formal conclusion of the joint operation depends on both parties reaching a mutual agreement on commercial terms and signing a final contract. DDiscussions are set to proceed promptly, with any final agreement subject to regulatory approvals.

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