<ul><li>Foxconn is considering buying UTAC Holdings, a Singaporean chip assembler and testing business, in a potential $3 billion deal.</li><li>UTAC Holdings, owned by Wise Road Capital, has hired Jeffries to initiate a sale process, with non-binding bids expected by the end of May.</li><li>UTAC is likely to draw interest from non-US buyers due to its China presence and global sales network, offering services in chip fabrication and testing for various industries.</li><li>Foxconn, a major player in contract electronics manufacturing, has been diversifying into chip production and electric vehicles as part of its long-term growth strategy.</li></ul>

Foxconn ‘Interested’ In Buying Singapore’s UTAC

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