Yageo and Foxconn jointly announced a strategic partnership yesterday. The two parties will formally cooperate on the R&D capabilities and technological innovation of key components this quarter. In addition, the cooperation will also strengthen Foxconn’s 3+3 development strategy.
Foxconn’s 3+3 development strategy refers to the three emerging industries of electric vehicles, digital health, and robotics, as well as the three new technology fields of artificial intelligence, semiconductors, and new-generation communication technologies.
Yageo and Foxconn emphasized that the cooperation between the two parties will get rid of the traditional supply chain operation mode. The development of key components and the sharing of R&D resources, cooperation with global end customers, and Yageo’s diversified high-end products can be fully integrated with Foxconn’s 3+3 development strategy.
After acquiring KEMET and Pulse, Yageo has enriched its product line and expanded its customer range. In addition, its Tong Hsing Electronic's advanced manufacturing process in special semiconductor packaging and testing, its Chilisin's automotive inductors, magnetic materials, and Jamicon/Teapo's aluminum electrolytic capacitors and other one-stop supply services will become Foxconn's best strategic partner for development in the 3+3 field.
People familiar with the matter disclosed that in this cooperation, Yageo made certain guarantees on prices and delivery, while Foxconn promised to give priority to using Yageo’s products in certain productions.