Reuters

(Reuters)

HP, Foxconn Launch Cloud Server Joint Venture

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Hewlett-Packard Co and Taiwanese contract electronics manufacturer Foxconn Technology Group launched a joint venture to make servers aimed at companies which provide cloud computing services.

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The new cloud-optimized servers will help service providers to cut costs, the companies said in a statement.

Foxconn is the parent company for Hon Hai Precision Industry Co Ltd, the world's largest electronics contract manufacturer.