Executives from the Taiwanese contract electronics company Foxconn made high-profile visits to the United States during the last few weeks. They announced a new company in Silicon Valley that will focus on artificial intelligence (AI). And Foxconn’s founder joined President Donald Trump for a ground-breaking ceremony at a new factory in Wisconsin.
Foxconn, also known as Hon Hai Precision Industry, is the world’s largest contract maker of electronics. It operates factories across China and is most well-known for making phones and other devices for Apple. But some companies in the networking world, such as Arista Networks, have used the company as a contract manufacturer, as well.
Foxconn’s founder and Chairman Terry Gou announced last week at a Stanford University event that the company is setting up a new AI firm in Silicon Valley. And it hopes to hire about 100 AI professionals in the San Francisco Bay Area, reports Nikkei Asian Review. The new company is named Industrial AI System.
The previous week, Gou traveled through the Midwest. He visited the University of Cincinnati’s College of Engineering and Applied Sciences where he signed a cooperation agreement to jointly research AI and IoT technologies.
His splashiest visit was to Mount Pleasant, Wisconsin, where he and President Trump broke ground on a new Foxconn manufacturing plant. The company says it will invest about $10 billion in the factory, which will make liquid crystal display (LCD) screens for televisions.
Earlier in June, company executives visited a seven-story building in downtown Milwaukee, Wisconsin, which Foxconn purchased from Northwestern Mutual Life Insurance. The company is designating the building as its North American headquarters. And it plans to house more than 500 employees in the building.