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Taiwan’s Foxconn, the world’s top contract electronics manufacturer, has announced plans to venture into the creation of cutting-edge data centers using Nvidia (NASDAQ:NVDA) chips and software for a wide array of applications, with a particular focus on self-driving vehicles. During a presentation at Foxconn’s annual tech showcase in Taipei, Foxconn Chairman Liu Young-way and Nvidia CEO Jensen Huang revealed their partnership’s ambition to construct what they’re calling “AI factories.”

Huang emphasized that this new era involves “the production of intelligence,” with data centers serving as the vital “AI factories.” In this high-tech collaboration, Nvidia’s chips and software, including the highly coveted GH200 superchip, will play a pivotal role. However, it’s important to note that the GH200 is restricted from being sold in China due to export regulations. This significant development comes on the heels of Nvidia’s recent announcement regarding U.S. export restrictions impacting its chip sales.

While Foxconn is already known as the largest assembler of Apple (NASDAQ:AAPL) iPhones, the company is now making a strategic move into the electric vehicle space, aiming to replicate its success in personal computers and smartphones. Earlier this year, Foxconn and Nvidia disclosed their partnership to develop autonomous vehicle platforms, wherein Foxconn would manufacture electronic control units based on Nvidia’s DRIVE Orin chip.

Alongside this news, Foxconn unveiled its latest EV prototype, the Model N, as part of its ambitious foray into the electric vehicle market. With plans to target 5% of the global EV market and achieve $33 billion in revenue from EV manufacturing and components by 2025, Foxconn has set its sights on an even grander vision: producing nearly half of the world’s EVs in the long run. Despite its founder Terry Gou’s absence from the event, Foxconn remains steadfast in its commitment to technological innovation and expansion in the ever-evolving tech landscape.