Hon Hai invests US$142 million in Texas, likely for AI server capacity – Focus Taiwan

Taipei, March 25 (CNA) Taiwan-based manufacturing giant Hon Hai Precision Industry Co. has invested US$142 million in Texas, which industrial sources close to the deal said was aimed at expanding its artificial intelligence server capacity.

In a statement filed Monday with the Taiwan Stock Exchange (TWSE), where Hon Hai shares are traded, the company said it had acquired an 86.34 acre lot in Houston and a 1 million square feet building through its cloud solution subsidiary Ingrasys Technology…