Apple iPhone maker Foxconn plans to build a new EV chip factory in Malaysia
If you don’t know who is foxcon, this Taiwanese company takes care of assembling your iPhone for Apple. Now it looks like there are plans for Foxconn build a chip production plant with a local partner here in Malaysia.
Due to the interest and demand for Electric Vehicles (EVs) in Malaysia, Foxconn has just signed a Memorandum of Understanding (MoU) with Dagang NeXchange Berhad (DNex) of Malaysia. This joint venture initiative aims to manufacture 12-inch chipsets, pushing the semiconductor industry as well as electric vehicles as a whole.
Reportedly, Foxconn has a 5% stake in DNex and a seat on the latter’s board. DNex is also Silterra’s parent company, which also gives Foxconn indirect control over Silterra’s 8-inch chip factory in Malaysia. The new unofficial factory in Malaysia is expected to manufacture 40,000 wafers per month, which includes 28 and 40 nm technologies.
As it is not yet finalized, there is no announcement on the location of the new factory. The same goes for the investment, but it is estimated between 3 and 5 billion dollars based on the capacity and the standard technology involved. On the other hand, it would surely provide a lot of job opportunities for Malaysians in this industry.
The electric vehicle industry is still in its infancy and it will take time to mature. Until then, stay tuned for more tech news at TechNave.com.