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China tech

Exclusive: Foxconn plans $9bn China chip project amid trade war

Zhuhai's subsidy to fund Apple supplier semiconductor ambition

A logo of Foxconn is seen at its headquarters in Taiwan. (Photo by Ken Kobayashi)

TAIPEI/OSAKA -- Top iPhone assembler Foxconn Technology is preparing to launch a $9 billion chip-making project in China as tensions intensify between Washington and Beijing over China's tech ambitions.

The Taiwan-based company -- which formally trades as Hon Hai Precision Industry -- is set to proceed with the project in the southern Chinese city of Zhuhai. The total amount of the investment in the project could add up to around 60 billion yuan, or $9 billion. 

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