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Foxconn faces fine for unsanctioned Chinese chip investments

July 16, 2022
Source: thetechstreetnow.com thetechstreetnow.com
News Snapshot:
Foxconn faces fine for unsanctioned Chinese chip investments 26 minutes ago theregister.co.uk Foxconn is in hot water this week after the Taiwanese electronics manufacturer became a major stakeholder in Chinese semiconductor manufacturer Tsinghua Unigroup without regulatory approval. Reuters reports the Taiwanese government is now weighing a $835,600 fine against Foxconn after it invested more than $798 million by way of a subsidiary. A fraction of a percent. The deal comes as China looks to accelerate its domestic semiconductor manufacturing capabilities, which have lagged behind Taiwan, South Korea, and the United States by several generations. Taiwan is home to one of...
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