KUALA LUMPUR (Oct 23): JF Technology Bhd, whose share price soared to a record high today, will be partnering with a Chinese smartphone giant to set up a manufacturing plant in China, according to sources familiar with the plan.

The new investment is for the ACE Market-listed company to set a foothold in China. It is understood that the rationale to invest in a manufacturing plant in the mainland is to get a chance to be part of the supply chain in China's semiconductor industry.