TAIPEI -- Not content with being the biggest player the EMS/ODM market, Foxconn Technology Group is now eyeing semiconductor design, according to reports.

The company will partner with ARM to create a chip design center in of Shenzhen, Nikkei Asian Review is reporting, citing sources familiar with the matter. The company has signed a memorandum of understanding with the Shenzhen government to work on semiconductor technology.

"We want to get into semiconductor design and production," Gou told China's Shenzhen Satellite TV, Nikkei said.

None of the companies is commenting on the report.

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