TAIPEI -- Taiwan's Hon Hai Precision Industry is ramping up efforts to produce automotive semiconductors in-house, as the company, best known for building iPhones for Apple, seeks more profitable pastures in electric vehicle assembly.
Semiconductors
Foxconn accelerates drive for in-house EV chips
Apple supplier turns to auto assembly to reduce reliance on thin-margin iPhones
Workers assemble an electric pickup truck at Foxconn's factory in Lordstown, in the U.S. state of Ohio, in November 2022. © Reuters
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