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Hon Hai could face up to NT$25 million fine for China investment

07/15/2022 10:55 PM
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Taiwan-based Hon Hai Precision Industry, known as Foxconn on the global market, could face a fine of up to NT$25 million (US$834,878) for investing in embattled Chinese chip conglomerate Tsinghua Unigroup without approval from the government, an official from the Ministry of Economics Affairs (MOEA) said Friday.

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