Foxconn Technology Group , the world’s biggest electronics contract manufacturer, said that it would acquire a semiconductor manufacturing facility, taking the company deeper into the chip business at a time of unprecedented global strain.
Foxconn, best known as the largest assembler of Apple Inc. iPhones, said Thursday that it would buy the Taiwan-based plant, which manufactures six-inch wafers used in cars, a purchase that it said would help secure a steady supply of auto chips as Foxconn expands further into the electric-vehicle industry.
