Whalesbook
Hon Hai Precision Industry Co. (Foxconn) plans to invest $1 billion to $5 billion in expanding its US manufacturing for the AI sector, partnering with OpenAI to co-design and produce servers. This expansion aims to meet the immense demand from AI leaders like Nvidia and OpenAI, bolstering Foxconn's AI hardware ecosystem and reducing its reliance on assembling iPhones. The company expects to assemble up to 2,000 AI server racks weekly in the US by 2026, marking a significant move in global AI infrastructure.