Foxconn and Yageo launch joint venture for semiconductors

Electrical contract manufacturer Foxconn has announced the formation of a semiconductor joint venture with Yageo, another Taiwanese component manufacturer. The focus will be on making small integrated circuits that cost less than two dollars, Foxconn said. The joint venture’s chips will be used in Foxconn products but sold to international customers, too. Furthermore, the two companies plan to jointly invest in product development.