Foxconn
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Foxconn Parent Bids $3B for UTAC to Boost Semiconductor Integration
Foxconn (Hon Hai Precision Industry) is considering a $3 billion bid for Singapore’s UTAC Holdings, a semiconductor testing and packaging firm owned by China’s Wise Road Capital, sources told CNBC. The deal, managed by Jefferies, aims to strengthen Foxconn’s chip capabilities amid U.S.-China tech tensions. UTAC’s Asia-wide production bases and $300M annual EBITDA make it a strategic acquisition target, enhancing Foxconn’s vertical integration for AI, automotive, and IoT chip demand. Analysts view the move as consolidation to counter Western semiconductor dominance and secure geopolitical leverage.
