HP, Foxconn launch cloud server joint venture

(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)

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