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flag Foxconn and TECO Electric partner to boost AI infrastructure, targeting global markets.

flag 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. flag The partnership involves a share exchange, with TECO acquiring a 0.519% stake in Foxconn and Foxconn owning 10% of TECO. flag They aim to provide comprehensive solutions for AI data center construction, targeting markets in Taiwan, Asia, the Middle East, and the US. flag The transaction is expected to complete by the end of 2025, subject to regulatory approvals.

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