Hon Hai Precision Industry Co (鴻海精密) has signed a memorandum of understanding (MOU) with Mitsubishi Electric Corp for the development of artificial intelligence (AI) data center solutions, the iPhone assembler said in a statement on Thursday.
Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said that the cooperation with Mitsubishi is intended to bring together the know-how and networks of both companies to facilitate the global supply of energy-efficient and highly reliable AI data center solutions.
“In the future, the two companies aim to jointly create new values, solutions and business models outside the AI data center field by leveraging their knowledge assets in the process of addressing social issues such as sustainability,” Hon Hai said.
Photo: Hon Hai Precision Industry Co
The Taiwanese company is expected to take advantage of the strength of the Japanese firm in power module supply for the development of AI data center solutions, analysts said.
Mitsubishi ranks second globally in market share in power modules, according to statistics released by market information advisory firm OMDIA.
The Japanese firm takes the first spot in market share in the high voltage direct current technology that uses voltage source converters, OMDIA data showed.
Hon Hai has intensified its efforts in AI development in recent years to diversify its product portfolio.
The company’s consolidated sales grew 15.55 percent from a year earlier to NT$6.39 trillion (US$206.2 billion) in the first 10 months of this year. Hon Hai is scheduled to hold an investor conference on Wednesday to detail its third quarter results and give more guidance for the fourth quarter and beyond.
PERSISTENT RUMORS: Nvidia’s CEO said the firm is not in talks to sell AI chips to China, but he would welcome a change in US policy barring the activity Nvidia Corp CEO Jensen Huang (黃仁勳) said his company is not in discussions to sell its Blackwell artificial intelligence (AI) chips to Chinese firms, waving off speculation it is trying to engineer a return to the world’s largest semiconductor market. Huang, who arrived in Taiwan yesterday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), took the opportunity to clarify recent comments about the US-China AI race. The Nvidia head caused a stir in an interview this week with the Financial Times, in which he was quoted as saying “China will win” the AI race. Huang yesterday said
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ￥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centers that are less than 30 percent complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage would be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a
MORE WEIGHT: The national weighting was raised in one index while holding steady in two others, while several companies rose or fell in prominence MSCI Inc, a global index provider, has raised Taiwan’s weighting in one of its major indices and left the country’s weighting unchanged in two other indices after a regular index review. In a statement released on Thursday, MSCI said it has upgraded Taiwan’s weighting in the MSCI All-Country World Index by 0.02 percentage points to 2.25 percent, while maintaining the weighting in the MSCI Emerging Markets Index, the most closely watched by foreign institutional investors, at 20.46 percent. Additionally, the index provider has left Taiwan’s weighting in the MSCI All-Country Asia ex-Japan Index unchanged at 23.15 percent. The latest index adjustments are to
RSS