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)