Foxconn Technology Group, Taiwan’s largest electronic manufacturing service (EMS) provider, and its subsidiary Foxconn Industrial Internet (FII), have been aggressively investing in semiconductor-related companies lately. Their move to secure supplies for chips used for electrical vehicles (EVs) as well as the acquisition of a 6-inch wafer plant from Macronix and transform it into SiC foundry, is going against the flow of the capital markets, which are speculating an over-supply scenario amid foundry capacity buildup in the next few years.