Macronix International buys 6 inch wafer fabrication plant from Foxconn

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Macronix International buys 6 inch wafer fabrication plant from Foxconn

A glass door is seen inside its office at Foxconn in Taipei on the roof of the building.

TAIPEI - Macronix International bought a 6 inch wafer fabrication plant from Taiwan chipmaker Foxconn, three sources with direct knowledge of the matter told Reuters on Thursday as the tech giant expanded in the chip industry.

The sources declined to disclose the purchase price.

Electronics manufacturing conglomerate Foxconn, which counts giants such as Apple among its top clients, has sought to acquire chip plants globally as a worldwide chip shortage rattles producers of goods from cars to electronics.

This year's supply bottleneck led to the production cuts and warnings of supply chain disruption by manufacturers around the world.

Foxconn and Macronix said they will hold a media conference at 3 p.m. Taipei time to the Foxconn and Macronix time.

Yageo Corp, which has in recent years counted semiconductors among its core business, announced a joint venture with Foxconn to make small integrated circuit products in May.

In recent months, the company announced plans to be a major player in the global electric vehicle market and has said that it was in talks with related foundries on possible collaboration to make chips for EVs.