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.
