# Geely and Foxconn set up joint venture for chip making in Shandong

Geely and Foxconn established a joint venture, Shandong Fujikang Intelligent Manufacturing Co., Ltd., in Zibo, Shandong province on December 27, 2021, with a registered capital of 100 million yuan, each holding 50% shares, to manufacture intelligent vehicle equipment, power electronic components, and integrated circuit chips.

- Type: Acquisition
- Announced: 2022-01-04
- Where: Zibo, Shandong province, China
- Value: $15.7M (100.0M CNY)
- Status: completed
- Products: intelligent vehicle equipment, power electronic components, integrated circuit chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Foxconn](https://endata.com/companies/15170.md) (partner)
- [Geely Holding](https://endata.com/companies/25757.md) (partner)

## Sources

- [carnewschina.com](https://carnewschina.com/2022/01/04/geely-and-foxconn-set-up-joint-venture-for-chip-making/), 2022-01-04: "Geely and Foxconn have agreed to establish a new joint venture for chip-making."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.