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Reuters
iPhone maker Foxconn builds EV partnership with NXP Semiconductors
Taiwan’s Foxconn said on Wednesday it has partnered with chipmaker NXP Semiconductors to develop platforms for electric vehicles, adding to a string of such deals by the iPhone assembler as it moves into the auto market. Foxconn, best known for assembling Apple’s iPhone, has expanded into areas including electric vehicles (EVs) and semiconductors in recent years, announcing deals with U.S. startup Fisker Inc and Indian conglomerate Vedanta Ltd. In a statement, Foxconn said it had signed a memorandum of understanding with NXP to develop platforms for EVs, calling it a “prime opportunity” a boost to its ability to quickly build EV products and reduce costs.
