Schneider Electric shares soar 10% after announcing Foxconn partnership for AI data centres

Schneider Electric shares soar 10% after announcing Foxconn partnership for AI data centres


Shares of Schneider Electric Infrastructure Ltd. gained 10% on Monday, June 15, after the company announced a collaboration with Foxconn to accelerate next-generation AI data centres.

Schneider Electric, in a press release, announced the strategic collaboration with Hon Hai Technology Group (Foxconn) to co-develop next-generation reference architectures for AI data centres.

The partnership will explore innovations in closed-loop energy optimisation, modular power and cooling skids, standardised design frameworks, which will create repeatable, high-performance blueprints for AI factories globally, the company said.

It said the collaboration brings together Foxconn’s expertise in advanced compute platforms, AI rack integration and global manufacturing with Schneider Electric’s leadership in power systems, cooling and energy management.
Together, the companies are aiming to deliver integrated, ready-to-deploy solutions that enable customers to build and operate AI infrastructure with greater speed, efficiency and predictability across regions, the statement said. Production will begin later this year, it added.

“Working with Foxconn, we are helping customers build capacity with real speed, resilience, and efficiency, as energy technology partners to an industry that is firmly entering the ear of intelligence,” Olivier Blum, CEO of Schneider Electric, said.

Foxconn chairman Young Liu added that at the pace AI is evolving, the industry requires a new model for how infrastructure is designed, built and delivered. “By combining Foxconn’s strength in AI systems and global manufacturing with Schneider Electric’s deep expertise in power and energy, we are creating a path for customers to deploy AI capacity at scale — faster, smarter and more sustainably,” Liu said.

Shares of Schneider Electric Infrastructure Ltd. were trading with gains for three consecutive sessions. The stock surged 9.99% to 1,216.2 apiece on Monday after the announcement. This is its biggest single-day gain since January 27, 2026, when it had risen 10.2%.

The stock has declined 3.8% in the past month but has surged 69.9% this year, so far.

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