Foxconn is aiming to transition from a manufacturing service company to a platform solution company, with smart cities and smart manufacturing as other applications for AI factories. Nvidia's value has soared to over $1 trillion due to the use of its advanced chips in AI applications, making it the fifth US company to join the "Trillion dollar club". Meanwhile, Foxconn, which produces over half of the world's Apple products, is seeking to diversify its business and replicate its success in assembling personal computers and smartphones.
Key takeaways:
- Nvidia and Foxconn are partnering to build 'AI factories', a new type of data centre that uses Nvidia chips to power a wide range of applications.
- The latest export restrictions by Washington will block sales of two high-end artificial intelligence chips Nvidia created for the Chinese market - A800 and H800.
- Foxconn is trying to diversify its business, citing smart cities and smart manufacturing as other applications for AI factories.
- In January, Foxconn and Nvidia announced a partnership to develop autonomous vehicle platforms, with Foxconn manufacturing electronic control units for cars based on Nvidia's chips.