Taiwanese technology company Hon Hai Precision Industry, known globally as Foxconn, announced an additional investment of 136.7 million dollars (117 million euros) in Mexico, as part of the expansion of the production of servers for artificial intelligence.
In a statement sent on Monday to the Taipei Stock Exchange, the company indicated that it will increase by 124 million dollars (106 million euros) its stake in the FII subsidiary AMC Mexico, through a branch based in Singapore.
In a separate statement, the company said it will also invest $12.72 million (10.9 million euros) in shares in Ingrasys Technology Mexico, part of Ingrasys Technology, one of the group’s cloud computing subsidiaries.
The company did not detail the reasons for these investments, limiting itself to indicating that they are part of long-term plans. However, industry sources cited by the local press point out that the objective is to reinforce server production capacity in Mexico to respond to customer demand in North America.
These operations are in addition to a similar investment made in August last year, when the company injected 168 million dollars (144 million euros) into the Mexican branch, as well as another made in August 2024, worth around 241.2 million dollars (207 million euros).
Founded in 1974, the Foxconn group is the world’s largest contract manufacturer of electronic devices, with factories and research centers in countries such as China, India, Japan, Vietnam and the United States.
Like other technology companies, Foxconn has benefited from optimism around artificial intelligence, becoming one of the main server manufacturers for US company Nvidia.
At a conference with investors held on March 16, the company’s president, Young Liu, stated that, throughout 2026, shipments of technical cabinets for AI servers could double compared to the previous year, increasing the group’s global market share.
Currently, Foxconn controls about 40% of the global artificial intelligence server market.
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