Foxconn buys Santa Clara buildings for $54.6M to expand AI hardware

Foxconn has purchased 110,100 square feet of buildings in Santa Clara for $54.6 million, describing them as factory space. The purchase aligns with expansion plans for its Q Edge subsidiary, which received $188 million to boost AI hardware and server rack production.

• The two buildings total 110,100 sq ft and cost $54.6 million
• The buyer is tied to Q Edge, which got $188 million for AI hardware
• Foxconn calls the sites factory space; reuse or demolition undecided