Taiwanese tycoon confirms Foxconn’s semiconductor ambitions

“Industrial IoT will become a core focus for Foxconn,” said Terry Gou.  

Taiwan News
Date: 2018/05/17
By: Sophia Yang, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Terry Gou, chairman of Hon Hai Precision (trading as Foxconn), confirmed in a speech at China’s Tsinghua University on Wednesday that the company is building up a semiconductors team responsible for chip design and manufacturing to address massive demand for chips to be used in the company’s development of the industrial Internet of Things (IoT).

The company is said to be shaking the Apple shackles as merely a contract manufacturer, and is dedicated to transformation.

The outspoken Taiwanese tycoon said on May 16 that the group is delving into the industrial IoT and is working on its own chips for the ambition. The company is said to have procured up to US$40 billion worth of chips a year.

“Industrial IoT will become a core focus for Foxconn,” said Gou.    [FULL  STORY]