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Foxconn in talks to buy stake in Malaysia s DNeX - report Taiwanese firm Foxconn Technology Co Ltd is in talks to acquire a stake in Malaysian technology firm Dagang NeXchange Bhd (DNeX) after losing a bid for a semiconductor maker DNeX now owns, Bloomberg reported on Thursday, citing sources.
FILE PHOTO: A sign of Foxconn is seen inside its office building in Taipei, Taiwan November 12, 2020. REUTERS/Ann Wang/File Photo
27 May 2021 06:30PM Share this content
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KUALA LUMPUR: Taiwanese firm Foxconn Technology Co Ltd is in talks to acquire a stake in Malaysian technology firm Dagang NeXchange Bhd (DNeX) after losing a bid for a semiconductor maker DNeX now owns, Bloomberg reported on Thursday, citing sources.
By Syndicated Content
May 27, 2021 | 4:58 AM
KUALA LUMPUR (Reuters) â Taiwanese firm Foxconn Technology Co Ltd is in talks to acquire a stake in Malaysian technology firm Dagang NeXchange Bhd (DNeX) after losing a bid for a semiconductor maker DNeX now owns, Bloomberg reported on Thursday, citing sources.
It said Foxconn, the main assembler of Appleâs iPhones, was seeking a minority stake to help the group expand its chipmaker unit SilTerra Malaysia Sdn Bhd.
Asked about the report, DNeX told Reuters it is always open to discussion with strategic partners and investors that can bring value to the group but cannot comment on any specific discussion at shareholder level, if any is taking place.
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