Taiwan weighs Foxconn fine for China chip investment -sources

Foxconn, the world's largest contract electronics maker, said this week it has become a shareholder in embattled Chinese chip conglomerate Tsinghua Unigroup via a 5.38 billion yuan investment by a subsidiary.

Regulators are weighing whether to hand Foxconn the "maximum" fine possible, which is $T25 million, due to the large size of the Chinese investment, the person added, A second source said Foxconn could be given a fine of between T$50,000 and T$20 million for investing without approval, adding that regulators will scrutinise the investment and deliver a decision after they receive the company's application.

Taiwanese law states the government can prohibit investment in China "based on the consideration of national security and industry development." Those violating the law could be fined repeatedly until corrections are made.iPhone, is keen to make auto chips in particular as it expands into the electric vehicle market. The company has been seeking to acquire chip plants globally as a worldwide chip shortage rattles producers of goods from cars to electronics.

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