ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

Foxconn stands by China chip deal as cross-strait tensions rise

Public has 'misunderstood' nature of Tsinghua Unigroup, says Taiwan tech titan

Taiwanese electronics assembler Foxconn's $800 million investment to take a 10% stake in China's Tsinghua Unigroup is under review by regulators on the island.    © Reuters

TAIPEI -- Key iPhone assembler Foxconn on Wednesday defended its investment in Beijing-backed Tsinghua Unigroup, saying the public has "misunderstood" the nature of the Chinese tech conglomerate.

Foxconn, the world's biggest contract electronics manufacturer, invested nearly $800 million to take a 10% stake in Tsinghua Unigroup, but did not seek prior approval for the deal as required by Taiwanese regulators.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more