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Taiwan wants closer look at Foxconn plans for China chipmaker Tsinghua Unigroup

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Taiwan wants closer look at Foxconn plans for China chipmaker Tsinghua Unigroup The Foxconn Technology Group was taking part in a NT$43.54 billion (US$1.46 billion) investment in Chinese semiconductor maker Tsinghua Unigroup, but the Ministry of Economic Affairs (MOEA) cautioned that the deal needed government approval, reports said Wednesday (July 13). According to analysts, the Taiwan iPhone contract manufacturer’s interest in the Chinese company was linked to its more recent electric vehicle (EV) ventures. China occupies half the global market for EVs, with sales last year surging to 209 percent from the previous year, CNA reported. In addition, China was…

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