Foxconn and HP announced that they are going to set up a joint venture to make cloud-optimized servers aimed at companies offering cloud computing services, according to Taiwan's Commercial Times on April 30. The two companies have been partners for decades, and the new venture will address computing requirements of both Foxconn and HP, helping them to develop innovative server products and solutions. Financial terms were not disclosed in their statement. The partnership is said to begin from May 1, with further details to be revealed in the near future.