Menu

Foxconn acquires USD90.8 million wafer plant from Macronix to produce EV chips

News
Acquisition, divestment & Spinoff

The transaction is expected to be closed by the end of 2021

Foxconn has purchased a chip plant from Taiwan chipmaker Macronix International for USD 90.8 million, according to an official press release dated 5 August, as the electronics giant looks to make auto chips as it enters the electric vehicle (EV) market.

Thank you for visiting IHS Markit AutoTechInsight.

*A subscription to News & Analysis includes four IHS Markit-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Services. Please click here to subscribe.

For a free daily listing of headlines with limited access please sign up here.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload