Taipei, Jan. 21 (CNA) Taiwan-based manufacturing giant Hon Hai Precision Industry Co. has been fined NT$10 million (US$328,947) by the Ministry of Economic Affairs (MOEA) for not getting regulatory approval for its investment in a Chinese semiconductor company.
Taipei, Jan. 15 (CNA) A China-based subsidiary of Taiwan-based Hon Hai Precision Industry, known as Foxconn globally, has been selected for the sixth time as the builder of a "lighthouse factory" by the World Economic Forum (WEF).
Get latest articles and stories on World at LatestLY. The Ministry of Economic Affairs has said that Hon Hai, which is 99.99 per cent owned by Shanghai-listed communication network equipment subsidiary Foxconn Industrial Internet Co. (FII), could face a fine of up to Taiwanese Dollars 25 million. World News | Taiwan to Fine Apple Supplier Foxconn for Unauthorized Investment from China.