Taipei, Sept. 23 (CNA) An affiliate of Taiwan-based manufacturing giant Hon Hai Precision Industry Co. announced on Friday a plan to establish a manufacturing joint venture with a leading Indonesian energy company in the field of electric vehicles and electric batteries, according to a statement.
Hon Hai Precision Industry Co (鴻海精密) has made further progress in its expansion into semiconductor manufacturing as its subsidiary teams up with Dagang NeXchange Bhd (DNeX) to build a 12-inch wafer fab in Malaysia.
Big Innovation Holdings Ltd (BIH), a wholly owned subsidiary of Hon Hai, has inked a memorandum of understanding (MOU) with DNeX to collaborate on establishing and operating the semiconductor fab in the Southeastern Asian country, it said in a statement released by DNeX on its Web site.
The fab is expected to produce 40,000 12-inch wafers per month, deploying 28-nanometer and 40-nanometer process technologies, the statement said.
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Dagang NeXchange Bhd's (DNeX) share and warrant prices rose and became the most-actively traded securities in morning trade on Bursa Malaysia today following news that Hon Hai Precision Industry Co Ltd, the main assembler of Apple Inc’s iPhones, has acquired 120 million shares or a 5.03% stake in DNeX for RM108 million.