Taiwan's government, which needs to clear all outbound investments, had not approved the deal.
($1 = 30.3870 Taiwan dollars)
(Reporting by Meg Shen and Ben Blanchard; Editing by Jan Harvey)
End-of-day quote MSCI 10:00:00 2024-07-12 am EDT | 5-day change | 1st Jan Change | ||
858.6 USD | -2.82% | +2.20% | +34.41% |
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TAIPEI (Reuters) - Taiwan's economy ministry said on Thursday it had fined Foxconn, the world's largest contract electronics maker, T$10 million ($329,088) for making an unauthorised investment in embattled Chinese chip conglomerate Tsinghua Unigroup.
Taiwan's government, which needs to clear all outbound investments, had not approved the deal.
($1 = 30.3870 Taiwan dollars)
(Reporting by Meg Shen and Ben Blanchard; Editing by Jan Harvey)