Anil Agarwal's India chip dream struggles for funds
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Source: taipeitimes.com
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Hon Hai to purchase 10% stake in SiC maker Taisic
Hon Hai Precision Industry Co (鴻海精密), which assembles electric vehicles for Fisker Inc and Lordstown Motors Corp, yesterday signed an agreement with Taisic Material Corp (盛新材料) to invest NT$500 million (US$16.79 million) by subscribing to Taisic’s share issue through its investment subsidiary, the latest in a slew of steps made by Hon Hai to build an electric vehicle chip ecosystem. The deal with Taisic would help Hon Hai gain better access to silicon carbide (SiC) substrates, a key component in building electric vehicles, it said in a statement. The investment would give Ho...
Source: taipeitimes.com