Foxconn to invest $1.5bn in chipmaker Tsinghua Unigroup

iPhone assembler eyes restructuring Chinese company to expand semiconductor foray

20220713N Foxconn office

Contract iPhone manufacturer Foxconn has been delving deeper into semiconductors and electric vehicles. © Reuters

YU NAKAMURA, Nikkei staff writer

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.

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