Foxconn buys wafer plant from Macronix

Foxconn buys wafer plant from Macronix

Foxconn buys wafer plant from Macronix

Foxconn buys wafer plant from Macronix

Foxconn has bought a chip plant from Macronix International, the Taiwanese chipmaker, for a reported $90.8 million as it looks to make automotive chips as it moves into the electric vehicle (EV) market.

Foxconn has been looking to acquire chip plants globally as a worldwide chip shortage impacts producers and the supply bottleneck has seen cuts in production as well as warnings of supply chain disruptions.

Foxconn and Macronix said the sale of the 6-inch wafer fabrication plant in Hsinchu would be finalised by the end of this year – the plant is not currently in operation.

Commenting Foxconn Chairman Liu Young-way said that the fab is being geared up to produce 15,000 wafers per month by 2024, which could supply silicon carbide semiconductors for 30,000 EVs a month.

“The 6-inch fab might no longer be the best fit for Macronix, and Foxconn saw it as a very good opportunity,” Liu said, calling the purchase a milestone for the company’s new EV business.

In recent months Foxconn has been talking about moves to become a major player in the global EV market and is currently negotiating with a number of foundries regarding possible future collaborations to make chips for EVs.