ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Semiconductors

Foxconn in talks to buy chip plant to support EV ambitions

Key Apple supplier keen to secure components amid global crunch

Foxconn, a key iPhone assembler, is betting on electric vehicles to spur growth as the smartphone market matures. (Source photos by Reuters and screenshot from Macronix International website)

TAIPEI -- Key Apple supplier Foxconn on Tuesday confirmed it is in talks to buy a chip manufacturing plant from a leading Taiwanese memory chipmaker, a move aimed at securing resources for its electric vehicle business amid the global semiconductor supply crunch.

Foxconn Chairman Young Liu told reporters in Taipei on Tuesday that semiconductors will play a crucial role in the company's EV development blueprint. Electric models require far more chips -- including power chips, image sensors and positioning sensors -- than traditional autos.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more