Taiwan presidential frontrunner lambastes China over Foxconn probe

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Taiwan Vice President Lai Ching-te on Tuesday lambasted China over its probe of major Apple (AAPL.O) supplier Foxconn (2317.TW), saying Beijing should 'cherish' Taiwanese companies and not put pressure on them during an election.

The logo of Foxconn is seen outside the company's building in Taipei, Taiwan November 10, 2022.

Ann Wang/File PhotoLai is the frontrunner, according to polls, to win January's presidential election.SpaceX has signed a deal to launch up to four of Europe's flagship navigation and secure communications satellites into orbit, The Wall Street Journal reported on Monday.

 

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Foxconn shares drop after report of China tax audit, land use probeShares in Taiwan's Foxconn (2317.TW), a major supplier of Apple's (AAPL.O) iPhones, dropped as much as 3% on Monday after a report the company is the subject of tax audits and land use probes in China just months ahead of a Taiwanese election.
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