Apple supplier Foxconn says it's 'way too late' to chase dominance in cutting-edge chips
Publishing timestamp: 2023-10-18 05:44:25
Summary
The article discusses Foxconn's decision to focus on producing "specialty chips" instead of competing in the high-tech chip race. The company states that it will not chase after the most advanced technology and will instead focus on specialty technology found in sectors such as automotive and internet of things. Foxconn also discusses its foray into semiconductors and electric vehicles, with a focus on power devices and silicon carbide chips for EVs. The article mentions the challenges faced by Foxconn in entering the semiconductor market and its efforts to diversify production away from China.
Sentiment: NEUTRAL
Tickers: AAPL, TSLA, ZE594-CN, VOW-DE, 2354-TW, VOW3-DE, 2330-TW,
Keywords: volkswagen ag, taiwan semiconductor manufacturing co ltd, tesla inc, breaking news: technology, foxconn technology co ltd, business news, autos, byd co ltd, apple inc, technology, asia economy,