Foxconn announced Friday through its subsidiary Hon Chi International Investments that it will invest $60 million in Oceanus Growth Fund, a private equity fund focused on artificial intelligence and emerging technologies. The investment represents approximately one-fifth of the fund’s total target size.
The transaction involves signing a non-binding letter of intent, with final terms subject to further negotiation. The deal amounts to just 0.038% of Foxconn’s total assets, according to the company’s latest financial statements.
Oceanus Growth Fund targets investments in AI infrastructure, data centers, autonomous driving technology, visual sensing systems, humanoid robotics, and consumer technology. The fund’s focus areas align closely with Foxconn’s strategic “3+3” initiative, which prioritizes electric vehicles, digital health, and robotics alongside AI, semiconductors, and next-generation communications.
The investment underscores Foxconn’s broader transformation strategy as the world’s largest contract manufacturer seeks to expand beyond traditional electronics assembly. The company reported that AI server revenue grew more than 200% in the first three quarters of 2024, and expects AI servers to account for more than 50% of overall server revenue in 2025.
At this year’s Computex, Chairman Young Liu unveiled an ambitious “3+3+3=∞” strategy, expanding the company’s existing framework to include smart manufacturing, smart electric vehicles, and smart cities platforms. The Oceanus investment supports this strategic direction by providing exposure to early-stage companies developing relevant technologies.
Foxconn’s shares closed at NT$165.5 ($5.14) on Friday, up 1.5%. The company recently completed a 13-day ex-dividend period and will distribute NT$80.57 billion ($2.5 billion) in cash dividends on July 31.
