Latest Headlines | Foxconn Hit with Hefty Fine for Unauthorised Investment | #shorts #news

Latest Headlines | "Foxconn Hit with Hefty Fine for Unauthorised Investment" | #shorts #news

Foxconn, a major supplier to tech giant Apple, was hit with a hefty fine of $329,088 from Taiwanese authorities for investing in Chinese semiconductor company Tsinghua Unigroup without prior approval. The investment was revealed in July, but Foxconn later announced in December that it would be selling the stake. The Taiwanese government stated that the company’s unauthorised investment was in direct violation of regulations, warranting the hefty fine.

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#Foxconn #Apple #TsinghuaUnigroup #TaiwaneseAuthorities #HeftyFine #Investment #Unauthorised #ViolationOfRegulations #mnnews

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