NEW TAIPEI CITY, Taiwan -- Major iPhone assembler Hon Hai Precision Industry, also known as Foxconn, on Friday pledged to dedicate a minimum of $342 million to turn itself into a key artificial intelligence player as the Taiwanese tech conglomerate eyes new growth opportunities beyond smartphones.
"We will at least invest some 10 billion New Taiwan dollars ($342 million) over five years to recruit top talent and deploy artificial intelligence applications in all the manufacturing sites," said Chairman Terry Gou.
