Foxconn expands its server assembly business in Mexico with $10 million investment

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Cloud Network Technology, a subsidiary of Chinese electronics manufacturer Foxconn, will increase its investment in Ingrasys Technology Mexico by $10 million, aiming to expand its server assembly business in the country, the Taiwan-headquartered company said. As a subsidiary of Foxconn engaged in OEM (original equipment manufacturer) production, Ingrasys Technology Mexico was established in July 2021. Taiwan-based Ingrasys provides cloud infrastructure solutions for multinational strategic partners, including hyper-converged infrastructure (HCI), high-performance computing (HPC), AI machine learning, and advanced cooling technologies. Foxconn currently has built six factories in Mexico, according to its annual report. [Icsmart, in Chinese]Related