Taiwanese iPhone Maker Arm Backs Top China Chipmaker After $9 Billion Rescue

A Shanghai-listed arm of Foxconn Technology Group acquired a stake in China’s top chipmaker during its $9 billion bailout, people familiar with the matter said, the latest in a series of investments the Taiwanese-run firm has made in the mainland’s semiconductor industry. Foxconn Industrial Internet Co. invested in state-backed Tsinghua Unigroup through a fund it […]

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