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Foxconn buys new plant for producing electric vehicle processors

The new plant is part of Foxconn's EV plans, which include a partnership with Fisker to create an electric vehicle by 2023. It's also developing an electric vehicle with Byton, a Chinese firm.

As part of its expansion into electric car component production, major iPhone manufacturer Foxconn has purchased another Apple supplier’s CPU factory.

Foxconn is already Apple’s primary iPhone assembler, and it might join forces with the company to build the “Apple Car.” Separately, it has been working to extend its entire electric vehicle (EV) capability, and has recently purchased a $90 million processor plant to do so.

Macronix International, a specialist memory manufacturer that has previously supplied RAM to Apple, sold the plant, according to Nikkei Asia. It’s in the Taiwanese city of Hsinchu, where TSMC will develop a new facility separately.

Foxconn, on the other hand, has no plans to use the site for RAM manufacture. Instead, it will preserve the facilities and equipment, but not the current workforce, in order to continue developing SiC chips. These silicon carbide semiconductors can be found in electric vehicles as well as 5G base stations.

This is a great opportunity for us to turn this 6-inch chip plant into a research and development as well as a production base for SiC chips

Foxconn Chairman Young Liu told reporters.

The new plant is part of Foxconn’s EV plans, which include a partnership with Fisker to create an electric vehicle by 2023. It’s also developing an electric vehicle with Byton, a Chinese firm.

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