Hon Hai Precision Industry Co (鴻海精密), also known as Foxconn Technology Group (富士康科技集團), has set up a strategic partnership with business solution provider SAP SE to speed up the adoption of next generation enterprise artificial intelligence (AI) applications in the Asia Pacific region.
In a statement issued today, iPhone assembler Hon Hai, which is intensifying its efforts to tap into the current global AI boom, said the partnership was announced at the annual GPU Technology Conference (GTC) hosted by Nvidia Corp in San Jose, California.
Under a memorandum of understanding signed by Hon Hai chairman Young Liu (劉揚偉) and SAP chief executive officer Christian Klein, the two sides will bring their respective technologies to accelerate "go-to-market initiatives" across the Asia Pacific region.
Photo courtesy of Hon Hai Precision Industry Co
According to Hon Hai, the two companies want to explore new co-innovation applications for physical AI, SAP's supply chain management and Hon Hai's smart manufacturing.
"Our strategic partnership with SAP is an important step toward realizing the vision of intelligent and AI-powered manufacturing," Liu said in the statement.
"By bringing together Foxconn's AI computing capabilities with SAP's expertise in enterprise applications, we are addressing one of the most complex challenges facing global industries today," Liu said.
At the Nvidia GTC, Hon Hai demonstrated its full-system AI server racks for Nvidia's Vera Rubin NVL72 platform and unveiled details about its industrial humanoid robots and scalable modular data centers.
NEW MARKET: The partnership opens up India to the Dutch company, which already has a strong hold in the semiconductor market of South Korea, Taiwan and China ASML Holding NV entered into a partnership agreement with Tata Electronics Pvt Ltd aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities. The Dutch company’s technology would help power Tata Electronics’ planned 300 millimeter (mm) semiconductor foundry in Gujarat, according to a joint statement from the two companies on Saturday. The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi. ASML, whose top customers include Taiwan Semiconductor Manufacturing Co (台積電) and Samsung Electronics Co, makes lithography machines that can print
ROUGH RECORDS: Bonds in Japan, as well is in New Zealand, Australia and the US, are seeing the effects of a nervy market as stock exchanges across Asia edge down A deepening slump in Japanese government bonds added fuel to the selloff in global debt markets as rising oil prices stoked inflation fears and pushed yields to multi-decade highs. Japan’s 30-year yield yesterday surged as much as 20 basis points to the highest level since the tenor’s debut in 1999, before paring some of the move. Shorter-maturity Japanese debt was also under pressure, underscored by weak demand at a sale of five-year notes that offered a record-high coupon of 2 percent. Concerns over inflation and government spending rippling through markets including the US, Australia and New Zealand are being amplified in Japan,
The US has cleared about 10 Chinese firms to buy Nvidia Corp’s second-most powerful artificial intelligence (AI) chip, the H200, but not a single delivery has been made so far, three people familiar with the matter said, leaving a major technology deal in limbo as chief executive officer Jensen Huang (黃仁勳) seeks a breakthrough in China this week. Huang, who was not initially listed in a White House delegation to Beijing, joined the trip after an invitation from US President Donald Trump, a source said. Trump picked him up in Alaska en route to a summit with Chinese President Xi Jinping
Wall Street is licking its chops over an unprecedented slate of massive initial public offerings (IPOs) set to arrive in the coming months, beginning with Elon Musk’s Space Exploration Technologies Corp (SpaceX) next month. That is expected to be followed by artificial intelligence (AI) rivals OpenAI and Anthropic PBC. The trio of mega listings, each eyeing valuations around US$1 trillion or more, constitutes a heady period of elevated risk and reward. SpaceX is targeting an IPO that would raise up to US$80 billion — about double the funds generated from all IPOs last year. OpenAI and Anthropic are eyeing IPOs raising US$60 billion. “We’re