Foxconn unit to sell stake in Chinese chip firm Unigroup


Source: reuters.com reuters.com

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[1/2] The logo of Foxconn is seen outside a building in Taipei, Taiwan November 10, 2022. REUTERS/Ann Wang TAIPEI, Dec 17 (Reuters) - Taiwan's Foxconn (2317.TW), the world's largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup. Taiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology. Foxconn, a major Apple Inc (AAPL.O) supplier and iPhone maker, disclosed in July it was a shareholder...