TAIPEI (Taiwan News) — Foxconn said Tuesday (Nov. 26) that its subsidiary Foxconn Assembly has invested NT$1.07 billion (US$33.03 million) to acquire land and facilities in Harris County, Texas.
The electronics manufacturer said it purchased 478,036 square feet of land and 200,200 square feet of facilities, per CNA.
At a tech summit on Wednesday, Foxconn Chair Young Liu (劉揚偉) said the company is increasing land and facility investments in Texas primarily to expand AI server production capacity for customers, including Nvidia.
Liu added that Foxconn will continue its investment in Mexico. He noted that Mexico has a population of over 100 million and is a major market in Central and South America.
Foxconn will have a strategy for its operations in the US after Trump’s inauguration in January when policies become clearer, he said.
In August, Foxconn said its subsidiary Cloud Network Technology USA had invested US$253 million to acquire shares in Foxconn Assembly.