Taiwan Says Foxconn Needs Permission for China Chip Firm Investment
Taiwan’s Foxconn, the world’s largest contract electronics maker, would need Taiwanese government permission if its unit were to invest in embattled Chinese chip conglomerate Tsinghua Unigroup, a government official said on Thursday. Taiwan media has reported that Foxconn’s China-listed unit Foxconn Industrial Internet Co Ltd plans to spend CNY 9.8 billion (roughly Rs. 11,600 crore) … Read more