BEIJING—Foxconn Technology Group is making a new push into semiconductors, teaming up with a local government in China’s Pearl River Delta to build a chip fabrication plant, people familiar with the matter said Friday.
The initiative comes at a time when China is spending billions of dollars to nurture its own semiconductor industry and reduce its reliance on foreign technology, an effort that has grown more urgent as its attempts to acquire U.S. chip companies have faced opposition from the U.S. over national-security concerns.
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