Apple supplier Foxconn turns to in-house EV chips to cut reliance on iPhones

Apple supplier Foxconn turns to in-house EV chips to cut reliance on iPhones

FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's building in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu

Taiwan’s Hon Hai Precision Industry is ramping up efforts to produce automotive semiconductors in-house, as the company, best known for building iPhones for Apple, seeks more profitable pastures in electric vehicle assembly.