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2337 - Macronix International Co News Story

TWD38.6 -0.1  -0.1%

Last Trade - 5:30am

Mid Cap
Market Cap £1.91bn
Enterprise Value £1.83bn
Revenue £1.23bn
Position in Universe 588th / 6219

UPDATE 1-Taiwan's Foxconn buys wafer plant from Macronix -sources

Thu 5th August, 2021 7:51am
(Adds detail, background, changes spelling in slug)
    By Yimou Lee
    TAIPEI, Aug 5 (Reuters) - Foxconn  2317.TW  has bought a
6-inch wafer fabrication plant from Taiwan chipmaker Macronix
International  2337.TW , three sources with direct knowledge of
the matter told Reuters on Thursday, as the tech giant expands
in the chip industry.
    The sources declined to disclose the purchase price.
    Electronics manufacturing conglomerate Foxconn, which counts
giants such as Apple  AAPL.O  among its top clients, has been
seeking to acquire chip plants globally as a worldwide chip
shortage rattles producers of goods from cars to electronics.
    The supply bottleneck has led to production cuts and
warnings of supply chain disruptions from manufacturers across
the world this year.
    Foxconn and Macronix said they will hold a media conference
at 3 p.m. Taipei time (0700 GMT).
    Foxconn, which has in recent years counted semiconductors
among its core businesses, announced in May a joint venture with
Yageo Corp  2327.TW  to make small integrated circuit products.*:nB9N2FD008
    Formally known as Hon Hai Precision Industry Co Ltd, the
company has in recent months announced plans to become a major
player in the global electric vehicle market (EV), and has said
it was in talks with "related foundries" on possible
collaboration to make chips for EVs.

 (Reporting by Yimou Lee; Editing by Jacqueline Wong and Sonali
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