Nvidia Partner Hon Hai to Expand AI Server Assembly in the US

Hon Hai Precision Industry Co. has agreed to sell an EV plant in Ohio for $375 million, under an arrangement in which the Taiwanese company aims to shift toward assembling AI servers at the US facility.

Nvidia Corp.’s major server production partner plans to sell the Ohio facility including land and equipment to Crescent Dune LLC, it said in exchange filings on Monday. Hon Hai said in a separate statement it will continue to occupy the complex, without saying how. The plan is for Hon Hai to continue operating the plant and use the site for its own AI server manufacturing business, a person familiar with the matter said. The person asked to remain anonymous because that information isn’t public.