KUALA LUMPUR (May 17): Dagang NeXchange Bhd (DNeX) has teamed up with a unit of Taiwanese giant Hon Hai Precision Industry Co Ltd (better known as Foxconn) to build and operate a wafer fabrication plant in Malaysia. The proposal is to build and operate a 12-inch wafer fabrication plant here, capable of producing up to 40,000 wafers per month in 28-nanometer and 40-nanometer technology. The entire SilTerra stake was sold by Khazanah for RM273 million. Subsequently, Foxconn bought 120 million DNeX shares in June 2021, representing 5.03% stake for RM108 million or 90 sen per share. In December 2021, DNeX said it was in talks with CGP and its shareholder Foxconn regarding SilTerra's expansion plan.

Source: The Edge Markets May 17, 2022 22:16 UTC