Hon Hai Precision Industry Co (鴻海精密) in the third quarter this year is to launch an investment to make electric vehicles (EV) and batteries in Indonesia, officials said.
Indonesian Minister of Investment Bahlil Lahadalia on Wednesday told a forum in Jakarta that Hon Hai, known as Foxconn internationally, would build a factory on a 200-hectare plot of land in the Batang Industrial Complex in Central Java, Reuters and Indonesia-based news Web site Industry.co.id reported.
In addition to vehicles, the factory is to produce battery cells, cathode precursors and telecommunications spare parts, the reports said.
Photo: Bloomberg
On Jan. 21, Hon Hai and Taiwanese electric scooter brand Gogoro Inc (睿能創意) signed a memorandum of understanding with Indonesian state-owned battery maker Indonesia Battery Corp, Indonesian integrated energy company Indika Energy and Industri Baterai Indonesia to develop electric vehicles in the Southeast Asian country.
Hon Hai chairman Young Liu (劉揚偉) on Thursday told a ceremony to mark the start of business after the Lunar New Year at the firm’s headquarters in New Taipei City that the company would sign a formal agreement with its Indonesian partners next month.
Total investment by the five partners would be US$8 billion, Liu said.
Beyond cooperation on EV development, the project is also aimed at forging a battery supply chain in Indonesia that could help support a sustainable energy ecosystem, Hon Hai said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said that its investment plan in Arizona is going according to schedule, following a local media report claiming that the company is planning to break ground on its third wafer fab in the US in June. In a statement, TSMC said it does not comment on market speculation, but that its investments in Arizona are proceeding well. TSMC is investing more than US$65 billion in Arizona to build three advanced wafer fabs. The first one has started production using the 4-nanometer (nm) process, while the second one would start mass production using the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
CHIP BOOM: Revenue for the semiconductor industry is set to reach US$1 trillion by 2032, opening up opportunities for the chip pacakging and testing company, it said ASE Technology Holding Co (日月光投控), the world’s largest provider of outsourced semiconductor assembly and test (OSAT) services, yesterday launched a new advanced manufacturing facility in Penang, Malaysia, aiming to meet growing demand for emerging technologies such as generative artificial intelligence (AI) applications. The US$300 million facility is a critical step in expanding ASE’s global footprint, offering an alternative for customers from the US, Europe, Japan, South Korea and China to assemble and test chips outside of Taiwan amid efforts to diversify supply chains. The plant, the company’s fifth in Malaysia, is part of a strategic expansion plan that would more than triple
Taiwanese artificial intelligence (AI) server makers are expected to make major investments in Texas in May after US President Donald Trump’s first 100 days in office and amid his rising tariff threats, Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA, 台灣電子電機公會) chairman Richard Lee (李詩欽) said yesterday. The association led a delegation of seven AI server manufacturers to Washington, as well as the US states of California, Texas and New Mexico, to discuss land and tax issues, as Taiwanese firms speed up their production plans in the US with many of them seeing Texas as their top option for investment, Lee said. The
RSS