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Taiwan weighs Foxconn fine for China chip investment

July 16, 2022
Source: sheapeterson.com sheapeterson.com
News Snapshot:
Taiwan weighs Foxconn fine for China chip investment TAIPEI, July 15 (Reuters) – Taiwan’s government is considering fining tech giant Foxconn up to T$25 million ($835,600) over its investment in a Chinese chip conglomerate without first getting regulatory approval, two sources briefed on the matter said on Friday. Foxconn, the world’s largest contract electronics maker, said this week it has become a shareholder in embattled Chinese chip conglomerate Tsinghua Unigroup via a 5.38 billion yuan ($797 million) investment by a subsidiary. read more The investment comes as Taiwan turns a wary eye on China’s ambition to boost its semiconductor industry...
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