Hon Hai Technology Group (Foxconn) and TECO Announce Strategic Alliance Targeting AI Data Center Capabilities
Hon Hai Technology Group (Foxconn) (HNHPF) and TECO Electric & Machinery have announced a strategic alliance through a share exchange agreement to enhance their AI data center capabilities. Under the deal, TECO will acquire a 0.519% stake in Foxconn, while Foxconn will obtain a 10% stake in TECO through a share exchange ratio of 1:0.305.
The alliance combines Foxconn's expertise as the world's largest electronics manufacturer and AI server producer with TECO's leadership in industrial electro-mechanical engineering. The partnership aims to deliver modular data center products and comprehensive solutions to global customers, particularly targeting markets in Taiwan, Asia, the Middle East, and the US.
Hon Hai Technology Group (Foxconn) (HNHPF) e TECO Electric & Machinery hanno annunciato un'alleanza strategica tramite un accordo di scambio azionario per potenziare le loro capacità nei data center AI. Nell'ambito dell'accordo, TECO acquisirà una quota dello 0,519% in Foxconn, mentre Foxconn otterrà una quota del 10% in TECO attraverso un rapporto di scambio azionario di 1:0,305.
L'alleanza unisce l'esperienza di Foxconn, il più grande produttore mondiale di elettronica e server AI, con la leadership di TECO nell'ingegneria elettromeccanica industriale. La partnership punta a offrire prodotti modulari per data center e soluzioni complete ai clienti globali, con un focus particolare sui mercati di Taiwan, Asia, Medio Oriente e Stati Uniti.
Hon Hai Technology Group (Foxconn) (HNHPF) y TECO Electric & Machinery han anunciado una alianza estratégica mediante un acuerdo de intercambio de acciones para mejorar sus capacidades en centros de datos de IA. Según el acuerdo, TECO adquirirá una participación del 0,519% en Foxconn, mientras que Foxconn obtendrá una participación del 10% en TECO mediante una proporción de intercambio de acciones de 1:0,305.
La alianza combina la experiencia de Foxconn como el mayor fabricante mundial de electrónica y productor de servidores de IA con el liderazgo de TECO en ingeniería electromecánica industrial. La colaboración tiene como objetivo ofrecer productos modulares para centros de datos y soluciones integrales a clientes globales, enfocándose especialmente en los mercados de Taiwán, Asia, Medio Oriente y Estados Unidos.
Hon Hai Technology Group (Foxconn) (HNHPF)와 TECO Electric & Machinery가 AI 데이터 센터 역량 강화를 위해 주식 교환 계약을 통한 전략적 제휴를 발표했습니다. 이번 계약에 따라 TECO는 Foxconn의 0.519% 지분을 취득하고, Foxconn은 주식 교환 비율 1:0.305를 통해 TECO의 10% 지분을 확보하게 됩니다.
이번 제휴는 세계 최대 전자제품 제조업체이자 AI 서버 생산자인 Foxconn의 전문성과 산업용 전기기계 공학 분야의 선두주자인 TECO의 역량을 결합합니다. 양사는 모듈형 데이터 센터 제품과 종합 솔루션을 전 세계 고객에게 제공하는 것을 목표로 하며, 특히 대만, 아시아, 중동 및 미국 시장을 중점적으로 공략할 계획입니다.
Hon Hai Technology Group (Foxconn) (HNHPF) et TECO Electric & Machinery ont annoncé une alliance stratégique via un accord d'échange d'actions afin de renforcer leurs capacités dans les centres de données IA. Dans le cadre de cet accord, TECO acquerra une participation de 0,519 % dans Foxconn, tandis que Foxconn obtiendra une participation de 10 % dans TECO selon un ratio d'échange d'actions de 1:0,305.
Cette alliance combine l'expertise de Foxconn, premier fabricant mondial d'électronique et producteur de serveurs IA, avec le leadership de TECO en ingénierie électromécanique industrielle. Le partenariat vise à fournir des produits modulaires pour centres de données et des solutions complètes aux clients mondiaux, en ciblant particulièrement les marchés de Taïwan, d'Asie, du Moyen-Orient et des États-Unis.
Hon Hai Technology Group (Foxconn) (HNHPF) und TECO Electric & Machinery haben eine strategische Allianz durch eine Aktienaustauschvereinbarung angekündigt, um ihre Fähigkeiten im Bereich KI-Datenzentren zu stärken. Im Rahmen der Vereinbarung wird TECO einen 0,519%igen Anteil an Foxconn erwerben, während Foxconn einen 10%igen Anteil an TECO durch ein Aktienaustauschverhältnis von 1:0,305 erhält.
Die Allianz vereint Foxconns Expertise als weltweit größter Elektronikhersteller und KI-Serverproduzent mit TECOS Führungsposition im Bereich der industriellen elektromechanischen Technik. Die Partnerschaft zielt darauf ab, modulare Rechenzentrumsprodukte und umfassende Lösungen für globale Kunden bereitzustellen, mit besonderem Fokus auf die Märkte in Taiwan, Asien, dem Nahen Osten und den USA.
- None.
- Deal completion subject to regulatory approvals
- Relatively small stake acquisition by TECO (0.519%) compared to Foxconn's 10% stake
Key markets get boost in new shares exchange
The move brings together the strengths of Foxconn, the world's largest electronics manufacturing service provider and AI server producer, and TECO, a leader in industrial electro-mechanical engineering and green energy innovation. Seizing on the development of global AI data center (AIDC) construction towards standardization and modularization, the two companies will jointly explore AIDC business opportunities. Global customers will be able to tap comprehensive data center modular products, electromechanical engineering services, and cost-competitive, one-stop solutions.
According to terms approved by both boards, respectively, TECO will take a
Foxconn Chairman Young Liu said, "Time-to-market is key in the global super-computing race. Modular design is gaining popularity. As AI data centers grow in size and demand ramps higher, teaming up with TECO means both companies are able to level up and rapidly deliver comprehensive, vertically-integrated solutions to our customers – the Tier-1 CSPs and hyperscalers."
TECO Chairman Morris Li said, "Changing global dynamics are creating new opportunities for business and cooperation. The strategic partnership extends the two companies' cooperation in the fields of low-carbon smart factories and energy services, toward being a one-stop solution for data centers going forward."
Target markets cover
About TECO here.
About Foxconn here.
View original content to download multimedia:https://www.prnewswire.com/news-releases/hon-hai-technology-group-foxconn-and-teco-announce-strategic-alliance-targeting-ai-data-center-capabilities-302517136.html
SOURCE Hon Hai Technology Group (Foxconn)
FAQ
What is the stake exchange ratio between Foxconn (HNHPF) and TECO in their strategic alliance?
How many new shares will be issued in the Foxconn-TECO alliance?
When is the Foxconn-TECO strategic alliance expected to complete?
Which markets will the Foxconn-TECO alliance target for AI data centers?
What is the strategic focus of the Foxconn-TECO partnership?
