Taiwan weighs fining Foxconn over China chip investment - source

TAIPEI : Taiwan's government is considering fining tech giant Foxconn up to T$25 million over its investment in a Chinese chip conglomerate without first getting regulatory approval, a source briefed on the matter told Reuters on Friday.

Foxconn did not seek prior approval from the Taiwan government before the investment was made and authorities believe that has violated a law governing the island's relations with China, a person familiar with the matter told Reuters. Taiwanese law states that 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.

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