Foxconn defends Tsinghua Unigroup deal to Taiwanese authorities

Key iPhone assembler's stake in embattled Chinese chipmaker draws scrutiny at home

20220721 Foxconn and Tsinghua Unigroup

Taiwanese electronics assembler Foxconn has indirectly taken a 10% stake in Chinese tech company Tsinghua Unigroup, raising eyebrows among regulators. (Source photo by AP and Reuters)

LAULY LI and CHENG TING-FANG, Nikkei Asia tech correspondents

TAIPEI -- Foxconn on Thursday defended its $800 million investment in embattled Chinese tech conglomerate Tsinghua Unigroup, after the move drew scrutiny from Taiwan regulators.

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