-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Foxconn to build $9b chip plant in Zhuhai
    2018-12-24  08:53    Shenzhen Daily

FOXCONN, Apple Inc.’s iPhone assembler, is in the final stages of talks with the local government of the city of Zhuhai to build a chip plant there with a total investment of about US$9 billion, the Nikkei business daily reported Friday.

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

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, quoting 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.

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

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.(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn