Foxconn has bought 110,100 square feet of buildings in Santa Clara and is believed to be planning to turn them into factories, according to newly published property filings.
The company paid $54.6 million for empty buildings at 2975 and 3001 Stender Way. The former is currently 45,800 square feet, while the latter is 64,300 square feet, and Foxconn describes both as "factory space." It is not clear whether Foxconn intends to demolish or repurpose what were previously research and industrial buildings.
Santa Clara is a popular area for technology firms to buy or lease office space, including Nvidia. Apple, based just six miles away at Apple Park, has spent over $1.1 billion on space there.
The purchase prices match an earlier report from August 2026 by Technet Book, which said Foxconn bought land and factory facilities for its Q Edge subsidiary. Q Edge Corporation is a 100% American-owned subsidiary of the iPhone manufacturer. The land purchase followed a $188 million investment specifically to increase production of AI hardware and server racks. Santa Clara was also one of Apple's main sites for its now-abandoned Apple Car project, and 371 employees were laid off there in 2024.
Source: AppleInsider · Summarized by HeadlinesBriefing