Tech Insider: Foxconn Unit Offloads China Chipmaker, Boss Zhipin Operator Approved for Dual Listing

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Foxconn subsidiary to sell stake in mainland chipmaker

Taiwan’s Hon Hai Precision Industry Co. Ltd., better known as Foxconn, said on Friday that its Shanghai-listed subsidiary Foxconn Industrial Internet Co. Ltd. will dispose of its indirect minority stake in embattled Chinese mainland semiconductor giant Tsinghua Unigroup Co. Ltd.