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Foxconn to invest $900m in AI server plant in Mexico
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Foxconn to invest $900m in AI server plant in Mexico

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Foxconn, officially known as Hon Hai Precision Industry Co., plans to complete a significant AI server manufacturing plant in Jalisco, Mexico, within a year.

According to Jalisco Governor Pablo Lemus Navarro, the Taiwanese tech company is investing approximately US$900 million in the project, which aims to be the largest assembly plant in the world for servers using Nvidia’s GB200 AI chips.

The development will occur in two phases: the expansion of an existing Foxconn facility in El Salto and the construction of a new plant in the same area.

The plant is projected to open by late 2025 or early 2026.

Recent Foxconn developments

Timeline
01-Mar-2025 🏢 Foxconn begins $137m HQ in China for EVs, energy storage
  • Foxconn starts global HQ in Zhengzhou, China.
  • Focus on EVs, energy storage, and emerging industries.
13-Feb-2025 🤝 Foxconn eyes collaboration over acquisition with Nissan
  • Foxconn open to Nissan partnership, not acquisition.
  • May consider stake to enhance collaboration in EVs.
12-Feb-2025 🤝 Foxconn seeks Nissan partnership in EVs
  • Foxconn seeks cooperation with Nissan, not acquisition.
  • Stake acquisition possible to aid collaboration.
12-Feb-2025 🛠️ Foxconn prepares US, Mexico plants for potential 25% tariffs
  • Foxconn readies for potential US import tariffs.
  • Production adjustments may follow tariff policy changes.
11-Feb-2025 📈 Foxconn reports strong January sales, expects Q1 growth
  • Foxconn reports NT$538.67B sales in January.
  • Sales boosted by AI server demand despite declines.

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