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.
