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

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

20220810 Foxconn

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

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

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.

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