Taiwan’s Foxconn buys wafer factory from Macronix -sources, Telecom News, ET Telecom

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A Foxconn sign can be seen on a glass door inside its office building in Taipei, Taiwan, November 12, 2020. REUTERS / Ann Wang

By Yimou Lee


TAIPEI: Foxconn bought a 6-inch wafer manufacturing plant from Taiwanese chip maker Macronix International, three sources with direct knowledge of the matter told Reuters on Thursday as the tech giant expands in the chip industry.

The sources declined to disclose the purchase price.

Electronics manufacturing conglomerate Foxconn, which has giants such as Apple among its main customers, has sought to acquire chip factories globally as a global chip shortage shakes producers of products ranging from cars to electronics.

The supply bottleneck has led to production cuts and warnings of supply chain disruptions from manufacturers around the world this year.

Foxconn and Macronix have announced that they will host a press conference at 3:00 p.m. Taipei time (07:00 GMT).

Foxconn, which in recent years has counted semiconductors as a core business, announced in May a joint venture with Yageo Corp to manufacture small integrated circuit products.

Formerly known as Hon Hai Precision Industry Co Ltd, the company has announced in recent months its intention to become a major player in the global electric vehicle (EV) market, and said it was in talks with ” associated foundries “on a possible collaboration to make chips for VE.

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