Foxconn and Nvidia to construct AI factories

19 Oct 2023 CW Team

Taiwanese tech giant Foxconn and US hardware leader Nvidia announced their collaboration to create "AI factories," which are robust data processing centres designed to facilitate the production of next-generation products like electric cars.

Foxconn, officially known as Hon Hai Technology Group, is the world's largest contract electronics manufacturer and is renowned for assembling devices for major global brands, including Apple's iPhone. Despite its established role in electronics assembly, the company has ambitious plans to expand beyond this domain. In recent years, Foxconn has ventured into the competitive and rapidly growing electric vehicle industry, unveiling concept cars during its annual event, "Hon Hai Tech Day."

This year, during the event, chairman Young Liu, in conjunction with Nvidia's CEO Jensen Huang, introduced a "new class of data centres that power a wide range of applications." Nvidia, headquartered in Silicon Valley, gained prominence through its development of graphics processing units (GPUs). Initially designed as powerful chips for modern video games, GPUs have evolved into a crucial component driving the rapid advancement of generative AI.

In their joint announcement, Foxconn and Nvidia expressed their intention to establish AI factories, which will serve as advanced hubs for data processing. These centres are expected to revolutionise the manufacturing industry, particularly in the production of innovative products like electric cars.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..