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Semiconductors

Taiwan's Foxconn plans to build chip facility in Malaysia amid EV push

IPhone assembler joins with local partner to expand semiconductor ambitions

TAIPEI -- Key iPhone assembler Foxconn plans to build a chip production facility in Malaysia with a local partner to capture booming demand for semiconductors used in electric vehicles.

Taiwan's Foxconn signed a memorandum of understanding with Malaysia's Dagang NeXchange Berhad (DNex) through a subsidiary to set up a joint venture that will build and operate a facility for 12-inch chips in the Southeast Asian country, the two companies said on Tuesday.

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