A cloud infrastructure company that works with Nvidia bought six buildings in Sunnyvale. Foxconn said its subsidiary, Ingrasys Technology USA, purchased the properties for an estimated $128 million.
Foxconn's earnings release comes just a week after Microsoft announced that it expects to spend $80 billion on AI data center infrastructure in its FY 2025. This was huge news for investors, as it confirms that Silicon Valley's AI arms race is not winding down any time soon.
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Nvidia’s strong topline growth and AI infrastructure investment bode well. Read why NVDA stock presents a good investment opportunity for long-term growth.
Ingrasys Technology USA has bought six buildings across 26.3 acres in Sunnyvale for an estimated $128 million. The cloud infrastructure unit of Taiwan-based Foxconn purchased 313,700 square feet of flex offices at 1230, 1240, 1250, 1260, 1270 and 1280 East Arques Avenue, the Silicon Valley Business Journal reported.
Nvidia ( NASDAQ:NVDA) looks set to pull in $9 billion from its Blackwell chip lineup in Q4 (January 2025), well above UBS's earlier estimate of $5 billion.
ASML Holding’s strong Q4 earnings outlook is backed by AI chip demand. Read why ASML stock is a buy, with consistent profit growth and bullish market trends.
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India's powerful human rights watchdog has admonished labor officials for failure to adequately investigate evidence of employment discrimination at Foxconn, which makes Apple iPhones, and told them to re-examine the matter,
Masayoshi Son founded SoftBank in 1981. It has invested millions in some of Silicon Valley's biggest tech companies.
In these three decades, India and Taiwan have forged a rare partnership — one rooted in shared democratic values, a commitment to openness and pluralism, and clear complementarities in trade and technology.
The billionaire behind Tesla has significant business interests in China and has previously described himself as “kind of pro-China”. He could be at odds with a number of China hawks in the second Trump administration, and may even be labelled a national security risk due to his connections to the second-largest economy in the world.