Foxconn Buys Wafer Plant from Macronix for $90.8 Million

Foxconn Buys Wafer Plant from Macronix for $90.8 Million

Foto: Fotolia

Foxconn bought a chip plant from Taiwan chipmaker Macronix for T$2.52 billion ($90.8 million). The deal is part of Foxconn's plans make auto chips amid its foray into the electric vehicle market. Foxconn has been seeking to acquire chip plants globally as a worldwide chip shortage rattles producers of goods from cars to electronics.

The two companies said at a press conference that the sale of the 6-inch wafer fabrication plant will be finalised by the end of this year. The plant is not currently in operation. Foxconn Chairman Liu Young-way said the fab is preparing to produce 15,000 wafers per month by 2024. That amount 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. He added that the target production was slim but it was only a start for Foxconn's plan to become a major player for automotive chips. Liu said the Hsinchu fab will become the global semiconductor hub for the company.

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