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Semiconductors

Foxconn chip tool unit weighs building first-ever US plant

Foxsemicon CEO says higher costs and labor concerns are hurdles

Foxconn unit Foxsemicon specializes in building modules and making parts for chipmaking equipment.(Source photo screenshot from Foxsemicon's website)

MIAOLI, Taiwan -- A Foxconn affiliate and major chip equipment maker is considering building its first-ever factory in the U.S. as more companies heed Washington's call to bring critical tech component manufacturing to home.

"We are actively evaluating our first U.S. plant, but it's not yet finalized," Kevin Chiu, chief executive and president of Foxsemicon Integrated Technology, told Nikkei Asia. "If the plan materializes, it will start from a small-scale production site and will be developing the most high-end and advanced chip tools and parts over there."

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