Teco Electric and Machinery specializes in the manufacture of electric motors. It has also delivered over 700MW of data center projects in Southeast Asia. Foxconn, officially known as Hon Hai Technology Group, is a contract manufacturer specializing in electronics and IT products. It is a major manufacturer of servers.

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,

TECO Electric & Machinery Co Ltd ("TECO") (TWSE:1504) and Hon Hai Technology Group ("Foxconn") held a major press conference today (30th) at the Taiwan Stock Exchange to announce a strategic alliance through a board-approved share exchange.