Apple's biggest supplier buys new plant for electric vehicle chipsApple is thought to have an electric car in the pipeline...
What you need to know
Apple's biggest supplier is buying a plant to make chips for electric vehicles.
Foxconn is spending $90 million on a semiconductor plant in Hsinchu, Taiwan.
Apple is rumored to have an electric vehicle, but it's still years away.
Apple's biggest supplier, Foxconn, has agreed to purchase a semiconductor plant in Taiwan to solidify its push into electric vehicle manufacturing, with Apple itself rumored to be planning an Apple Car down the road.
From Nikkei Asia:
Taiwanese electronics giant Foxconn said on Thursday it will buy a semiconductor plant from a local memory chip supplier for $90 million, marking a major step by the iPhone assembler to secure a source of chips for its nascent electric vehicle business.
Foxconn has started to focus heavily on electric vehicle production to balance out a slowdown in consumer electronics, and the company's chairman has said that chip supply is crucial ...
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Apple's biggest supplier buys new plant for electric vehicle chips
