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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

Foxconn to build ‘AI factories’ using Nvidia chips and software

Foxconn Chairman Liu Young-way and Nvidia Corp CEO Jensen Huang speak during Foxconn's annual T... Foxconn Chairman Liu Young-way and Nvidia Corp CEO Jensen Huang speak during Foxconn's annual Tech Day in Taipei, Taiwan October 18, 2023. REUTERS/Ann Wang
Foxconn Chairman Liu Young-way and Nvidia Corp CEO Jensen Huang speak during Foxconn's annual T... Foxconn Chairman Liu Young-way and Nvidia Corp CEO Jensen Huang speak during Foxconn's annual Tech Day in Taipei, Taiwan October 18, 2023. REUTERS/Ann Wang

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The two firms announced that the world’s largest contract electronics manufacturer, Foxconn (2317. TW) of Taiwan, will construct a new type of data center employing Nvidia (NVDA.O) chips and software for various applications, including self-driving vehicles.

Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang said their businesses were constructing these “AI factories” jointly on stage at Foxconn’s yearly innovation expo in Taipei.

“The creation of intelligence has become a brand-new sort of manufacturing. And the data centers that generate it are factories for AI,” Huang added, noting that Foxconn had the know-how and resources to establish them worldwide. By displaying a hand-drawn drawing, Huang demonstrated how these “AI factories” may be used with a fleet of autonomous cars.

“Of course, this automobile would experience life and gather additional data. The AI factory would get the data. According to Huang, a Taiwanese citizen, the AI factory would upgrade the AI fleet’s software. “In the future, every company and industry will have AI factories.”

The most valuable chip business in the world, Nvidia, announced in a statement that the AI factories will be built using its accelerated computing platform, which includes its brand-new GH200 super chip. Excitement about the crucial role of the business’s processors in AI applications has quadrupled the value of Nvidia’s shares, valuing the company at more than $1 trillion in 2023.

As it moves into producing electric cars for other businesses, Foxconn, the top supplier of Apple’s (AAPL.O) iPhones, hopes to match its degree of success in manufacturing smartphones and personal computers.

In cooperation to build autonomous vehicle platforms, Foxconn and Nvidia announced in January that they will produce electronic control units (ECUs) for automobiles based on Nvidia’s DRIVE Orin processor for the worldwide market.

Huang’s neighbor Liu claimed that Foxconn was “trying to convert itself from a manufacturing service company to a platform solution company,” citing smart manufacturing and smart cities as additional uses for AI plants.

On Terry Gou’s birthday, the company’s billionaire founder who left as CEO in 2019, Foxconn celebrates its annual Tech Day.

Unlike the previous year, he did not attend the ceremony when he drove on stage in a prototype electric vehicle. He is currently campaigning as an independent for Taiwan’s president in the January elections. The share price of Foxconn decreased 0.9% on Wednesday, while the broader market (.TWII) fell 1.2%.


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