Newly published property filings show that Foxconn has bought 110,100 square feet of buildings in Santa Clara, and is believed to be planning to turn them into factories.
Foxconn has bought two back-to-back sites in Santa Clara, including this one on 3001 Stender Way – image credit: Apple Maps.
Santa Clara is a popular area for technology firms to buy or lease office space, including Nvidia. Even Apple, based just six miles away at Apple Park, has spent over $1.1 billion on space there. Now according to local site The Mercury News, Foxconn has 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’s not clear whether Foxconn intends to demolish or repurpose what were previously research and industrial buildings.