New Delhi, Oct. 28 -- Foxconn, the Taiwan-based electronics manufacturer, announced late Monday that its board of directors has approved an investment of NT$42 billion ($1.37 billion) to build an AI compute cluster and supercomputing centre.

Foxconn said in a company filing published late on Monday that it will fund the planned investment using its own resources between December 2025 and December 2026.

Foxconn said the substantial investment aims to "expand the cloud compute service platform and accelerate the development of the Group's three smart platforms."

While the company did not provide specific details or the location of the project, a person familiar with the matter told Reuters that the investment will likely be made in Taiwa...