No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - French energy tech firm Schneider Electric and Taiwanese electronics contract manufacturing giant Foxconn have announced a strategic collaboration aimed at accelerating the development and deployment of next-generation AI data centres.
The partnership, unveiled on Monday, will combine Foxconn's expertise in AI compute platforms, rack integration and large-scale manufacturing with Schneider Electric's capabilities in power systems, cooling and energy management.
The companies said the alliance will deliver integrated, ready-to-deploy infrastructure solutions designed to help customers build and operate AI facilities more quickly and efficiently, with production expected to begin later this year.
The companies also plan to co-develop reference architectures for AI data centres and explore innovations including closed-loop energy optimisation, modular power and cooling systems, and standardised design frameworks.
"AI demand continues to accelerate, and as compute scales to keep pace, the energy behind it becomes a fundamental enabler," said Schneider Electric chief executive Olivier Blum.
"Working with Foxconn, we are helping customers build capacity with real speed, resilience, and efficiency, as energy technology partners to an industry that is firmly entering the era of intelligence."
Shares in Foxconn, officially known as Hon Hai Precision Industry, were up 2.7% at TWD267.50 in Taipei, while Paris-listed Schneider Electric rose 2.9% to 272.85.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.