News Snapshot:
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 9.8 billion yuan ($1.46 billion) for a stake in Unigroup, as part of Foxconn's plans to get more into chip-making. The island's government has become increasingly cautious about China's ambition to boost its semiconductor industry and has proposed new laws to prevent what it says is China stealing its chip technology,...
