https://wccftech.com/apple-supplier-foxconn-expands-presence-in-ev-chip-sector-through-25-million-purchase/

Employees work on the assembly line at Hon Hai Group's Foxconn plant in Shenzhen, Guangdong province, China, on Wednesday, May 26, 2010. Terry Gou, founder and chairman of Hon Hai Group, said nine of the 11 company workers who either committed suicide or attempted to had worked at the company less than a year, and six had been employed for less than a half-year. Photographer: Qilai Shen/Bloomberg

Cupertino tech giant Apple Inc's primary contract manufacturing partner, the Taiwanese Hon Hai   Precision Industry Co. Ltd, also known as Foxconn Technology Group, continues to expand its presence in the electric vehicle supply chain. According to a report from DigiTimes Asia, the company has acquired shares worth $25.78 million of Malaysian investment holding company Dagang NeXchange (DNeX) to expand its presence in the EV and semiconductor manufacturing spaces. The move is part of Foxconn's expansion into the "3+3" fields, which refer to technological sectors expected to grow significantly in the future owing to advances in technology and manufacturing.