Hon Hai reportedly in talks to build US$9 billion chip plant in China

Focus Taiwan
Date: 2018/12/21
By: Christie Chen and Chung Jung-feng 

Taipei, Dec. 21 (CNA) Taiwan-based manufacturing giant Hon Hai Precision Industry Co., known internationally as Foxconn, is in talks to build a US$9 billion chip plant in the southern Chinese city of Zhuhai, Japan’s Nikkei Asian Review reported Friday.

The iPhone assembler plans to start the construction as early as 2020, with most of the investment expected to be subsidized by the Zhuhai government, the Nikkei report said, citing people familiar with the matter.

Hon Hai is expected to form a joint venture for the project with its subsidiary — Japanese electronics maker Sharp — and the Zhuhai government, Nikkei cited an industry source as saying.    [FULL  STORY]

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