According to reports, Foxconn's annual semiconductor procurement has exceeded $60 billion, accounting for more than 10% of the global semiconductor procurement market.
Industry analysts say that Foxconn Group, as the world's largest buyer of electronic components, has great purchasing power and can maximize bargaining space and reduce procurement costs.
Young Liu, chairman of Foxconn, said that in terms of semiconductors, the group will actively build its own semiconductor production capacity in the future, and its own and outsourced production capacity will be used flexibly. The goal is to provide a never-shortage semiconductor supply solution for EV and telecom customers, and to be the first EMS factory with never-shortage capability.
The report also pointed out that Foxconn has acquired four chip packaging and testing plants through its subsidiaries.