Foxconn said it will invest T$15.9 billion ($509.94 million) to build a new headquarters in Kaohsiung, southern Taiwan, underscoring its accelerating push into artificial intelligence, electric vehicles and advanced battery technologies as growth in consumer electronics slows.
Construction of the mixed-use commercial, office and residential complex is set to begin in 2027 and finish in 2033.
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The company said the site will serve as a hub for its southern Taiwan operations and house teams working on smart cities, software research, battery cells, EV technology and AI applications. Kaohsiung’s city government said Foxconn’s investments in the city have totaled T$25 billion over the past three years.
Foxconn, formally known as Hon Hai Precision Industry, has been ramping up AI-related spending. In November, Chairman Young Liu said the company plans to invest between $2 billion and $3 billion annually in artificial intelligence over the coming years, highlighting a strategic shift toward next-generation technologies. The company recently reported “strong growth” in cloud and networking products, citing “momentum for AI server racks,” and posted November revenue of T$844.3 billion ($27 billion).
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The Kaohsiung project adds to a widening slate of global initiatives. Foxconn is building a large AI supercomputing cluster in Taiwan with Nvidia, due to be completed in the first half of 2026, and has secured approval to invest an additional $569 million in Wisconsin to expand AI server production in the United States. In October, Stellantis announced a collaboration with Nvidia, Uber Technologies and Foxconn to jointly develop and deploy Level 4 autonomous vehicles for global robotaxi services.