"China is still importing over $250 Billion worth of Integrated Circuits every year and lags behind a couple of countries in this product line. Building an IC fabrication plant will be an integral part of the "Made in China 2025" policy, strengthening the investments in semi-conductor segment. It seems like Foxconn is targeting semiconductor manufacturing as a new revenue stream. It is said that the planning facility is likely to utilize a 12-inch wafer for production of smart TVs, Industry IoT and AI chipsets. However, both Foxconn and Sharp are inexperienced. Additionally, Zhuhai offers an attractive alternative for investments especially due to its Hi-Tech Industrial Development Zone, educational centers, proximity to Hong Kong and finally the aggressive subsidy it is offering." - Tarun Pathak

(Source: CNBC)

Foxconn To Build a $9 Billion Chip Plant In China With the Local Government

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