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Foxconn Unit to Sell Stake in China Chip Giant
Published on: 2022-12-19
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A subsidiary of Taiwan’s Hon Hai Precision Industry Co. Ltd. will dispose of its indirect minority stake in Chinese semiconductor giant Tsinghua Unigroup.

Hon Hai’s Foxconn Industrial Internet Co. Ltd. will sell the shares to Yantai Haixiu IC Investment Center for at least 5.38 billion yuan ($772 million), according to an exchange filing Friday.

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