Nvidia and Foxconn Partner on AI Chip Factories Despite US Export Restrictions

Nvidia and Foxconn are building "AI factories" together using Nvidia chips for autonomous vehicles, robotics, and large language models.

The new US export rules block sales of Nvidia's high-end A800 and H800 AI chips made for China.

Nvidia CEO Jensen Huang and Foxconn chairman Young Liu announced the partnership at Foxconn's tech event in Taipei.

Thanks to AI, Nvidia's value exceeded $1 trillion, making it the 5th US company to join the "Trillion dollar club."

Foxconn aims to diversify from making Apple products, with EVs and AI factories driving future growth.