Taiwan fines Foxconn for unauthorised China investment
FILE PHOTO: The logo of Foxconn is seen outside the company's building in Taipei, Taiwan, Nov. 10, 2022. REUTERS/Ann Wang//
TAIPEI : Taiwan's economy ministry said on Thursday it had fined Foxconn, the world's largest contract electronics maker, T$10 million ($329,088) for making an unauthorised investment in embattled Chinese chip conglomerate Tsinghua Unigroup.
Taiwan's government, which needs to clear all outbound investments, had not approved the deal.
($1 = 30.3870 Taiwan dollars)
Source: Reuters
