DNeX, Foxconn unit to build and operate wafer fabrication plant in Malaysia

DNeX group managing director Tan Sri Syed Zainal Abidin Syed Mohamed Tahir

KUALA LUMPUR: Dagang Nexchange Bhd (DNeX) and Big Innovation Holdings Limited (BIH), a wholly-owned subsidiary of Hon Hai Precision Industry Co Ltd (Foxconn), plan to set up a joint venture company to build and operate a new 12-inch wafer fabrication plant in Malaysia.

DNeX, in a statement, said it had inked a memorandum of understanding (MoU) to collaborate on establishing and operating the semiconductor fabrication facility in the country.