Taiwanese company Hon Hai Technology Group (Foxconn) and TECO Electric & Machinery have announced a strategic share-swap alliance aimed at enhancing their infrastructure capabilities and ability to jointly compete in the global AI infrastructure field, the former said in a release.

Taiwan's Foxconn, the world's largest contract electronics maker, will form a strategic partnership with industrial motor maker TECO Electric & Machinery to boost development in the AI data centre market,

Foxconn has entered into a strategic alliance with TECO to accelerate development of global artificial intelligence data centers.