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Foxconn, which trades as Hon Hai Precision locally in China and Taiwan, is focused on diversifying its business through AI-driven innovations in servers, electric vehicles (EVs), robotics, and platform solutions. Foxconn chairman Young Liu remarked in 2023 that the company is aiming to “convert itself from a manufacturing service company to a platform solution company,” targeting smart cities and smart manufacturing as key areas for AI-driven factories.

The Hon Hai Research Institute has made significant strides in AI research, including quantum algorithm simulation technology and an EV information security verification platform. In collaboration with Nvidia, Foxconn announced plans to build Taiwan’s fastest AI supercomputer. AI is also central to Foxconn’s EV business, with advancements in motor drive systems, autonomous driving, and smart cockpits. Additionally, AI optimizes Foxconn’s manufacturing processes, enhancing motor and drive designs, improving efficiency, and strengthening its competitive position in the EV market.

2024 AI-related highlights

• Invites bids to construct a chip assembly and testing plant in India, with an initial investment of ₹1,200 crore ($37.2m) for a 40% joint venture stake with HCL Group. (Feb 2024)
• Will invest $241.2m to boost AI server manufacturing capacity at its Ciudad Juárez plant in Chihuahua, Mexico. (Aug 2024)
• Will manufacture Apple’s first tabletop robot, featuring an iPad-like display and robotic limbs, expected by 2026 at around $1,000. (Aug 2024)
• Announces plans to build Taiwan’s fastest AI supercomputer with NVIDIA Blackwell (October 2024)
• Plans to build a massive Nvidia assembly plant in Guadalajara, Mexico, for its GB200 superchips, boosting AI capabilities. (Oct 2024)