TAIPEI, Oct 28 (Reuters) - Taiwan's Foxconn

said its board of directors has approved an investment plan to

procure equipment for a AI compute cluster and a supercomputing

centre, that will allow it to spend up to NT$42 billion ($1.37

billion).

The investment will be made from December 2025 to December

2026 using its own funds, the company said in a filing published

late on Monday.

Foxconn said the purpose of the plan is "to expand the cloud

compute service platform and accelerate the development of the

Group's three smart platforms." It did not elaborate or say

where the investment would be made.

The world's largest contract electronics maker, also known

as Hon Hai Precision Industry Co Ltd ( HNHPF ), has been stepping up its

investments in artificial intelligence and cloud infrastructure

as it seeks new growth drivers beyond smartphones and

traditional electronics manufacturing.

In May, the company announced it would build an artificial

intelligence centre with Nvidia ( NVDA ) in Taiwan targeted to

have 100 megawatts of power.

In August, the company said it plans to manufacture data

centre equipment with Japan's SoftBank at the Taiwanese

firm's former electric vehicle factory in Ohio, part of the

Stargate project to advance U.S. artificial intelligence

infrastructure.