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.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Taiwan Semi shares rise after earnings, sales beat forecastsThe Taiwan chip group reported revenue of $18.16 billion for the June-ended quarter.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

Taiwan National Fund Intervenes to Stop Market SlideThe self-ruled island mobilized a national fund to arrest declines in its battered equity market, after Taiwanese stocks continued to fall while other regional markets recovered recently. この自民党、安倍晋三関連のTwitterを見たら、第二、第三の山上容疑者が現れても不思議じゃないな〜
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »

Taiwan Semi shares rise after earnings, sales beat forecastsThe Taiwan chip group reported revenue of $18.16 billion for the June-ended quarter.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

White House wants transparency on American investment in ChinaWhite House says it supports Congressional action to require American companies to notify the government before investing in critical sectors in China.
Sumber: washingtonpost - 🏆 95. / 72 Baca lebih lajut »

China Stocks Hit Fresh Turbulence, Casting Doubt Over Recent ReboundA nascent recovery in Chinese stocks has global investors that were burned by Beijing’s regulatory crackdowns asking: Is it time to get bullish again on China? Weren’t there reports of bank runs of certain regions in China? And reports of people not being able to withdraw their money. Yeah good luck with those accounting practices
Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »