00:00Taiwan's Foxconn is making a major investment in artificial intelligence.
00:05The company says it will spend up to $1.37 billion on new AI data centers and supercomputing projects.
00:13The investment will run from December 2025 through 2026 and will use Foxconn's own funds.
00:21The company has not officially named a location, but it previously announced plans to build a 100-megawatt supercomputer in southern Taiwan
00:28with U.S. chip giant NVIDIA.
00:31The move is part of the iPhone maker's push to find new growth beyond smartphones.
00:35It follows other AI initiatives, including a partnership with Japan's SoftBank to make data center equipment in the U.S.
00:41That's for the $500 billion Stargate project.
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