Foxconn is establishing joint venture with Hewlett-Packard (HP)(NYSE:HPQ) exclusively to manufacture servers for cloud computing and offering related supporting services.
Terry Guo, President, Foxconn, said, "Development of cloud computing has thoroughly changed the global server supply chain, for suppliers should be able to provide total solutions with design capability to respond to client's demand and ability for global production, shipment and complete after-sales services."
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Meg Whitman, CEO, HP, said, "The partnership reflects innovation in HP's server business model through combining Foxconn's R&D capability and manufacturing expertise, with HP's market leadership in cloud computing products and related services to enable both companies to offer cloud computing solutions which will change existing market game-playing rules."
The partnership came into effect on May 1, 2014.
