Reuters
Taiwan’s Foxconn says is shareholder of troubled Chinese chip firm
TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Thursday it was a shareholder in embattled Chinese chip conglomerate Tsinghua Unigroup via a 5.38 billion yuan ($798 million) investment by a subsidiary. Foxconn, best known for assembling Apple Inc’s 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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