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Taipei, Jan. 21 (CNA) Taiwan-based manufacturing giant Hon Hai Precision Industry Co. has been fined NT$10 million (US$328,947) by the Ministry of Economic Affairs (MOEA) for not getting regulatory approval for its investment in a Chinese semiconductor company.
Get latest articles and stories on World at LatestLY. The Ministry of Economic Affairs has said that Hon Hai, which is 99.99 per cent owned by Shanghai-listed communication network equipment subsidiary Foxconn Industrial Internet Co. (FII), could face a fine of up to Taiwanese Dollars 25 million. World News | Taiwan to Fine Apple Supplier Foxconn for Unauthorized Investment from China.
Foxconn could face a fine of up to 25 million Taiwanese dollars
Taipei, Dec. 20 (CNA) A decision by Foxconn Industrial Internet Co. (FII) to dispose of its indirect stake in Chinese semiconductor developer Tsinghua Unigroup is unlikely to affect its day-to-day operations, the Shanghai-listed communication network equipment subsidiary of Taiwan-based manufacturing giant Hon Hai Precision Industry Co. said on Tuesday.
The Taiwanese government has said it will fine Apple supplier Foxconn for an unauthorized investment from China even after the company agreed to sell its stake