{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/foxconn-in-talks-to-buy-stake-in-malaysia-s-dnex-report/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Foxconn in talks to buy stake in Malaysia's DNeX -report","slug":"foxconn-in-talks-to-buy-stake-in-malaysia-s-dnex-report","createdLocal":"2021-05-27 14:30:54.458495","publishDate":"2021-05-27 00:00:00","feedName":"Connected Car","sourceUrl":{"sourceUrl":"https://www.reuters.com/technology/foxconn-talks-buy-stake-malaysias-dnex-report-2021-05-27/"},"postSummary":{"childMarkdownRemark":{"html":"<p>REUTERS/Ann Wang/File PhotoTaiwanese firm Foxconn Technology Co Ltd (2354.TW) is in talks to acquire a stake in Malaysian technology firm Dagang NeXchange Bhd (DNeX) (DNEX.KL) after losing a bid for a semiconductor maker DNeX now owns, Bloomberg reported on Thursday, citing sources.\nIt said Foxconn, the main assembler of Apple's iPhones, was seeking a minority stake to help the group expand its chipmaker unit SilTerra Malaysia Sdn Bhd.\nAsked about the report, DNeX told Reuters it is always open to discussion with strategic partners and investors that can bring value to the group but cannot comment on any specific discussion at shareholder level, if any is taking place.\nFoxconn lost the bid for the semiconductor maker earlier this year but its chairman told reporters the company was still looking for semiconductor fab purchase opportunities in Southeast Asia.\nread moreShares in DNeX, a trade facilitation and oil &#x26; gas service provider, rose as much as 13.6% on Thursday.</p>"}}}},"pageContext":{"slug":"foxconn-in-talks-to-buy-stake-in-malaysia-s-dnex-report"}}}