TAIPEI -- Foxconn plans to invest 9.8 billion yuan ($1.46 billion) in embattled Chinese chipmaker Tsinghua Unigroup as the world's top contract electronics maker further advances its push into semiconductors.
Taiwan-based Foxconn, formally known as Hon Hai Precision Industry, is expected to buy into state-backed Unigroup's new holding company through Shanghai-listed subsidiary Foxconn Industrial Internet, which produces servers and personal computers. The plan was reported by Taiwanese media Wednesday.
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