Taipei, Aug. 10 (CNA) Liu Young-way (劉揚偉), chairman of Taiwan-based manufacturing giant Hon Hai Precision Industry Co., said on Wednesday the company has a backup plan if it fails to secure regulatory approval in Taiwan for its investment in China's chip conglomerate Tsinghua Unigroup.
Taipei, July 15 (CNA) Taiwan-based Hon Hai Precision Industry, known as Foxconn on the global market, could face a fine of up to NT$25 million (US$834,878) for investing in embattled Chinese chip conglomerate Tsinghua Unigroup without approval from the government, an official from the Ministry of Economics Affairs (MOEA) said Friday.
Taipei, July 14 (CNA) A China-based subsidiary of Taiwan-based Hon Hai Precision Industry, known as Foxconn on the global market, has invested 5.38 billion yuan (NT$23.9 billion or US$793.36 million) in Chinese chipmaker Tsinghua Unigroup through a private equity fund, the business conglomerate announced Thursday.
Foxconn Industrial Internet Co Ltd (FII, 富士康工業互聯網) has invested 9.8 billion yuan (US$1.46 billion) in state-backed Chinese chip company Tsinghua Unigroup (紫光集團) through a private equity fund.
The Shanghai-listed server and networking devices firm, which is 85 percent owned by Hon Hai Precision Industry Co (鴻海精密), is planning to invest in the semiconductor industry. It now holds a 15 percent stake in Tsinghua Unigroup through the newly formed Xingwei (Guangzhou) Industrial Investment Partnership Ltd (興微廣州產業投資) fund.
Created in March along with Beijing Zhilu Asset Management Co (北京智路資產管理), the fund is one of 10 equity funds comprising Beijing Zhiguangxin Holding Co (北京智廣芯控股).