Dnex banks on new wafer fab

Foxconn is teaming up with Dnex for the new wafer plant.

Dagang Nexchange Bhd’s (Dnex) ambitions to become a technology heavyweight are getting bigger.

Two weeks ago, Dnex announced a plan to form a joint venture (JV) with Taiwan-based Hon Hai Precision Industry Co Ltd, better known as Foxconn, to build a new wafer fabrication plant.