Taiwan's Foxconn, Apple's main iPhone assembler, plans to invest 1 billion yuan in a new tech headquarters in Zhengzhou, China, for AI server demand growth.

Taiwan's Foxconn, the world's largest contract electronics maker and Apple's main iPhone assembler, plans to invest 1 billion yuan ($137.5m) to construct a new business headquarters in Zhengzhou, China. The 700-acre project, signed with the Henan provincial government, will focus on new technology and core research. Foxconn is benefiting from strong AI server demand, with customers including Nvidia.