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Foxconn to enter chip market, partner with ARM on design center in Shenzhen

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Foxconn is planning to tap into the chip market for growth.   © Reuters

TAIPEI -- Key iPhone assembler Hon Hai Precision Industry, also known as Foxconn Technology Group, is trying to expand its foothold in the semiconductor industry by partnering with SoftBank Group-owned ARM to create a chip design center in the southern Chinese city of Shenzhen, people familiar with the matter told the Nikkei Asian Review.

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