Foxconn and TECO Announced Strategic Alliance

Dear Valued Customers,

I’m pleased to share important news that marks a significant step forward in our strategic growth and our ability to serve you better.

On July 30, 2025, TECO Electric & Machinery Co., Ltd. (TECO) and Hon Hai Technology Group (Foxconn) announced a strategic alliance through a share exchange. This alliance brings together two highly complementary strengths. TECO will continue to focus on electromechanical systems, power infrastructure, industrial motors, and green smart-factory solutions. Foxconn adds world-class expertise in Al server manufacturing, ICT integration, global supply chains, cooling systems, and modular design.

Together, we aim to deliver integrated, globally competitive one-stop solutions for Al data centers (AIDC) and high-performance computing. TECO’s core capabilities in rotating equipment and power systems will not only remain central but be further enhanced to meet the growing demands of next-generation infrastructure—ensuring cost-effective, efficient, and reliable solutions for your business.

Importantly, TECO’s management and operational direction remain unchanged. It builds upon our existing cooperation with Foxconn in energy-saving projects and ESCO services, further advancing our mutual commitment to sustainability, technological innovation, and customer value.

Thank you for your continued support and trust. We look forward to delivering even greater value as we grow with you in this exciting new chapter.

Fei-Yuan Kao, President
TECO Electric & Machinery Co., Ltd.