Apple supplier Foxconn Technology Group is in talks to buy a stake in Malaysian technology firm Dagang NeXchange Bhd. (DneX), according to people familiar with the matter, after losing to it in bidding for a semiconductor company.

Foxconn could take a minority stake in DNeX and help to expand the business of its chipmaker SilTerra Malaysia Sdn., one of the people said, asking not to be identified as the matter is private. DNeX landed the winning offer in the sale of SilTerra in February, outbidding Foxconn.

Talks are ongoing and could fall apart, and there is no certainty that a deal will materialize, the people said. A representative for DNeX said the company is always open to discussion with strategic partners and investors, but that it cannot comment on any specific discussion. A Foxconn representative declined to comment.

Source: https://www.bloomberg.com/news/articles/2021-05-27/foxconn-is-said-in-talks-to-buy-stake-in-malaysian-chipmaker