Apple Supplier Foxconn To Build World's Largest Nvidia Superchip Factory Amid Soaring AI Demand

Quick Summary:

Taiwanese contract manufacturer Hon Hai Precision Industry Co.Ltd.(OTC:HNHPF) the company, which is popularly called Foxconn is gearing up to construct the largest manufacturing facility for Nvidia Corp.’s (NASDAQ:NVDA) GB200 chip.

The Taiwanese electronics powerhouse, known for assembling products for Apple Inc (NASDAQ:AAPL), is seizing the artificial intelligence wave by also venturing into server production.

What Happened: This initiative is aimed at meeting the substantial demand for Nvidia’s Blackwell platform, as revealed by a senior executive on Tuesday, Reuters reported.

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Category: Technology

Markets: United StatesChinaTaiwan

Topics: US0378331005 HNHPF Tech Equities Kaustubh Bagalkote AAPL Markets Nvidia GB200 News Artificial intelligence Blackwell NVDA Benzinga Consumer Tech US67066G1040 Foxconn

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 06:19:27 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22948768

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