Word is going around that Foxconn plans to build a $9 billion chip manufacturing plant in the city of Zhuhai in southern China. Foxconn has never been in the chip production business before, but the company thinks it's a natural fit for the rest of its business. A report by Nikkei claims the Taiwanese electronics manufacturing giant plans to break ground in 2020 on a 300mm chip fab. Reports also indicate Foxconn intends to enter the foundry market, offering competition to TSMC, Samsung, and GlobalFoundries.
Last week, Nikkei reported that Foxconn plans to build chipsets for ultra high-definition televisions and CMOS image sensors for phones in Zhuhai, with hopes to eventually expand into production of higher value chips for robotics and autonomous vehicles. Nikkei reported that Foxconn will also enter the foundry market, offering to build chips designed by other semiconductor companies.