Foxconn unit to sell entire equity stake in Tsinghua Unigroup

Xingwei to unload holdings for $771m

20221216N Foxconn

Foxconn, the world's largest contract electronics maker, will sell its equity stake in Tsinghua Unigroup held through a subisidary. © Reuters

HONG KONG (Reuters) -- Taiwan's Foxconn, the world's largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup.

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