Foxconn spends about $54.6 million to purchase two industrial properties in Santa Clara

Foxconn, through its wholly-owned U.S. subsidiary Q Edge Corporation, purchased two adjacent industrial properties at 2975 and 3001 Stender Way in Santa Clara, California, for about $54.6 million, with total building area of about 110,100 square feet, both classified as "factory space." Reports say these facilities are expected to be used for manufacturing AI-related hardware and server equipment; Q Edge had previously received about $188 million in capital injection. There are currently no subsequent development facts.

AI-generated from public reports

1. Report date Oct 21· 1 reports

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   Source:cnBeta