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Taiwan-based Foxconn Corp., a global electronics maker and longtime manufacturing partner to Apple and Nvidia, has acquired the four-building, 1 million-square-foot, Class A Fairbanks Logistics Park in northwest Houston from Dalfen Industrial for $142 million. Foxconn reportedly plans to invest $450 million at the 86.3-acre industrial park to build an AI server manufacturing facility.

Greater Houston Partnership, the largest chamber of commerce in the Houston area, stated in its first-quarter business report released in late April that the Foxconn facility would create 600 direct jobs, 814 indirect jobs and have an estimated $920 million economic impact on the region. The partnership stated it was involved in the process to bring Foxconn to Houston.