Taipei, May 15 -- Taiwan-based manufacturing giant Hon Hai Precision Industry Co. announced on Thursday that it expects its capital expenditure to grow by more than 30 per cent in 2026. The company, known globally as Foxconn, attributed this increase in spending to the sustained and robust demand for artificial intelligence and cloud-based infrastructure.

According to a report by Focus Taiwan, the planned expenditure aimed to strengthen the company's international manufacturing footprint and technical capabilities. Speaking at an investor conference, Hon Hai CEO Michael Chiang explained the strategic intent behind the capital allocation.

Chiang said the spending will boost investment in regional production, introduce automation and enha...