The plant will produce high-definition 8K televisions chipsets
Foxconn Technology, one of the leading iPhone assemblers, is preparing to launch a $ 60 billion ($ 9 billion) RMB chip production project in China. Most of the investment is subsidized by the government of the southern Chinese city of Zhuhai.
Its plant will produce high-definition 8K television chipsets and image sensors for cameras, as well as various sensor chips for industrial uses and connected devices. The goal is to expand the Zhuhai chip plant, to create more advanced chips for robotics and autonomous vehicles.
China is gearing up to build a self-sufficient advanced chip industry
The cooperation between the government and the private companies of the semiconductor industry in China demonstrates the determination of the country to move to high value production, through its “Made in China 2025” industrial policy. The goal is to build a self-sufficient advanced chip industry to support the country’s technological development. However, chip production is extremely expensive and has strong barriers to entry.
According to sources, the move should position Foxconn as a challenger to TSMC, another Taiwan chipmaking giant. In addition, the project is aimed at society by reducing dependence on Apple while slowing the global smartphone market.
MORE ON THIS TOPIC