Foxconn to build $9 billion chip plant in China with local govt: Nikkei



TOKYO (Reuters) - Taiwan's Foxconn <2317.TW>, Apple Inc's <AAPL.O> iPhone assembler, is in the final stages of talks with the local government of the Chinese city of Zhuhai to build a chip plant there with a total investment of about $9 billion, the Nikkei business daily reported on Friday.


The total investment could add up to around 60 billion yuan, or $9 billion, most of which would be shouldered by the Zhuhai government through subsidies and tax breaks, the Nikkei said, citing people familiar with the matter.


Zhuhai is a city in the southern Chinese province of Guangdong near to Macau.


The plans to build the cutting-edge plant comes amid the trade dispute between the U.S. and China, which includes concerns about China expanding the production of microchips.


Foxconn is expected to form a joint venture for the project with Japanese electronics group Sharp, which it acquired in 2016, and the Zhuhai government, Nikkei said, citing an industry source.


Sharp is the only Foxconn subsidiary with experience of chip manufacturing, Nikkei said. However, the Japanese company stopped developing semiconductor technology when it ran into financial problems in 2010.


A source close to the matter told Reuters that Sharp is not involved in the talks.


Foxconn, formally known as Hon Hai Precision Industry Co Ltd, is planning to start the construction as early as 2020, the report said.


Representatives of Foxconn were not immediately available for comment.

Foxconn, the world's largest contract manufacturer, has been interested in the chip business, but many in the industry doubt the company has the resources to enter the field due to the high capital expenditures needed.

($1 = 111.2500 yen)

($1 = 6.9046 Chinese yuan renminbi)



(1美元= 111.2500日元)

(1美元= 6.9046元)



译文来源:三泰虎 http://www.santaihu.com/46721.html   译者:Jessica.Wu


zephyrs18 hours ago

In the business world, it is all about profit. Unfortunately, not very many people understand that



Oscar Templin18 hours ago

So what happened to all of Foxconn's investments in Wisconsin? The ones that US and WI taxpayers subsidized to the tune of billions of dollars?



c19 hours ago

Wisconsin taxpayers could pay Foxconn for work done outside of Wisconsin, audit says



Terry19 hours ago

And a $13b plant in WI?



Whatever18 hours ago

I thought they were going to build a big beautiful production facility in the USA?



James17 hours ago

128-bit doesn’t mean faster and more memory.

128-bit means handling much more complexities than 64-bit.

Foxconn management understands that far better than Intel.





Jennifer17 hours ago

Wisconsin Paying $200,000 per worker to open up shop.....LMAO.



dead_martian17 hours ago

foxconn's american plan wouldn't be so easy to succeed since that plan will heavily depend on American supply chains. foxconn original plan was to use 10th generation TV panels from an american company but not able to secure the supply. so it stuck in a dilemma: lower the level of technologies or scratch the plan. lower the level of technologies but final products will be low end of tv sets with higher prices (no one would buy them) or just scratch the plan and go back to china. as to chipset, no surprise, most of core chipsets for tv are from the usa, japan suppliers, but the prices keep going up. foxconn wants to build own chipsets to offset the price hikes.



Snork18 hours ago

I'm gonna go out on a limb here and say Foxconn won't be building that plant in Wisconsin after all. I am a bit surprised they didn't chose Cambodia or Vietnam to get around Trump's tariff war with the Chinese.



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