HP, Foxconn launch cloud server joint venture

Reuters
The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in Tucheng, New Taipei city, December 24, 2013. REUTERS/Pichi Chuang

(Reuters) - 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. 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. (Reporting by Soham Chatterjee; Editing by Joyjeet Das)