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Foxconn and TECO Electric partner to boost AI infrastructure, targeting global markets.
Taiwanese tech giants Foxconn and TECO Electric have formed a strategic alliance to enhance their AI infrastructure capabilities and compete in the global supercomputing market.
The partnership involves a share exchange, with TECO acquiring a 0.519% stake in Foxconn and Foxconn owning 10% of TECO.
They aim to provide comprehensive solutions for AI data center construction, targeting markets in Taiwan, Asia, the Middle East, and the US.
The transaction is expected to complete by the end of 2025, subject to regulatory approvals.
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Foxconn y TECO Electric se asocian para impulsar la infraestructura de IA, apuntando a los mercados globales.