Foxconn to Sell Stake in China Chip Giant Amid Taiwan Review
- Taiwan company invested in Tsinghua Unigroup indirectly
- Taipei government opposed the investment, report said
This article is for subscribers only.
A subsidiary of Taiwan’s Hon Hai Precision Industry will dispose of its indirect minority stake in China’s semiconductor giant Tsinghua Unigroup, the latest sign that Beijing’s chip industry is becoming increasingly isolated from the rest of the world.
Hon Hai’s China-listed Foxconn Industrial Internet will sell the shares to Yantai Haixiu IC Investment Center for not less than 5.38 billion yuan ($772 million), according to an exchange filing Friday.