Foxconn in talks to buy stake in chipmaker DNeX

Foxconn could take a minority stake in DNeX and help to expand the business of its chipmaker SilTerra Malaysia Sdn Bhd, (file pic).

KUALA LUMPUR: Foxconn Technology Group is in talks to buy a stake in Malaysian technology firm Dagang Nexchange Bhd (DNeX), according to people familiar with the matter, after losing to it in bidding for a semiconductor company.

The main assembler of Apple Inc’s iPhones could take a minority stake in DNeX and help to expand the business of its chipmaker SilTerra Malaysia Sdn Bhd, one of the people said, asking not to be identified as the matter is private.