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Foxconn in Taiwan buys $ 90.8 million wafer factory from Macronix for EV chips

Taipei (Reuters)-Foxcon said Thursday that it had acquired a chip factory from Taiwanese chip maker Macronics International for NT $ 2.52 billion ($ 90.8 million).

Foxconn, an electronics manufacturing conglomerate that counts giants such as Apple as its top clients, has acquired a global chip factory as a global chip shortage has upset producers of products from cars to electronics. I’m trying.

Supply bottlenecks have led to warnings of production cuts and supply chain disruptions from manufacturers around the world this year.

Foxconn and Macronix said in a joint news conference that the sale of a 6-inch wafer manufacturing plant (fab) in Taiwan’s chip manufacturing hub Xinzhou will be completed by the end of this year. The plant is not currently in operation.

Foxconn Chairman Liu Young-way told reporters that the fab is preparing to produce 15,000 wafers a month by 2024 and could supply 30,000 EVs of silicon carbide semiconductors a month. Told.

“The 6-inch fab may no longer be perfect for Macronix, and Foxconn saw it as a very good opportunity,” Liu said, calling the purchase a milestone in the company’s new EV business. ..

Foxconn has announced plans to become a major player in the global EV market in recent months, saying it is discussing possible collaborations with the foundry to manufacture chips for EVs.

Liu said the target production was slim, but “it was just the beginning” of Foxconn’s plans to become a major player in automotive chips.

Foxconn, which counts semiconductors as its core business, announced in May a joint venture with Yageo Corp for small integrated circuit products.

Liu said the Shinchu Fab will be Foxconn’s global semiconductor hub, officially known as Hon Hai Precision Industry Co Ltd.

($ 1 = 27.7470 Taiwan dollars)

(Report by Yimou Lee, edited by Jacqueline Wong, Sonali Paul, Kim Coghill)

Foxconn in Taiwan buys $ 90.8 million wafer factory from Macronix for EV chips

Source link Foxconn in Taiwan buys $ 90.8 million wafer factory from Macronix for EV chips

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