Sign of China's growing isolation: Foxconn to sell stake in chip giant

Taiwan to fine Foxconn for investing in Unigroup without informing it

A subsidiary of Taiwan’s Hon Hai Precision Industry will dispose of its indirect minority stake in China’s semiconductor giant Tsinghua Unigroup, the latest sign that Beijing’s chip industry is becoming increasingly isolated from the rest of the world.

Hon Hai’s China-listed Foxconn Industrial Internet (FII) will sell the shares to Yantai Haixiu IC Investment Center for not less than $772 million, according to an exchange filing.

Hon Hai said in a separate statement that it decided to sell the stake to avoid uncertainty because the investment still cannot be finalised. The company’s interest in the Chinese chipmaker, has triggered concerns from the