Foxconn Commits $138 Million to Build Cutting-Edge HQ in Zhengzhou

Taiwan’s Foxconn is set to invest 1 billion yuan ($137.5 million) to construct a new business headquarters in Zhengzhou, China. Covering about 700 acres, this new facility will focus on advancing new technologies and core research, marking a significant expansion for the world’s largest iPhone assembler. The investment is fueled by strong demand for AI servers, with Foxconn’s recent quarterly revenue exceeding expectations due to its partnerships with leading tech companies like Nvidia. This announcement follows disruptions at Foxconn’s Zhengzhou plant during the 2022 COVID-19 outbreak. #Foxconn #BusinessExpansion #AI #Technology