Caixin
Dec 17, 2022 06:24 PM
TECH

Foxconn Unit to Sell Stake in China Chip Giant as Taiwan Reviews Deal

Silicon wafers sit on display at a Foxconn event in Taipei, Taiwan, on Oct. 18. Photo: Bloomberg
Silicon wafers sit on display at a Foxconn event in Taipei, Taiwan, on Oct. 18. Photo: Bloomberg

(Bloomberg) — A subsidiary of Taiwan’s Hon Hai Precision Industry Co. Ltd. will dispose of its indirect minority stake in Chinese semiconductor giant Tsinghua Unigroup, the latest sign that Beijing’s chip industry is becoming increasingly isolated from the rest of the world.

Hon Hai’s Foxconn Industrial Internet Co. Ltd. will sell the shares to Yantai Haixiu IC Investment Center for at least 5.38 billion yuan ($772 million), according to an exchange filing Friday.

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