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Apple supplier Foxconn fined $329,000 in Taiwan, Reuters reports
The Fly

Apple supplier Foxconn fined $329,000 in Taiwan, Reuters reports

Apple (AAPL) supplier Foxconn (HNHPF) has been fined $329,088 by Taiwan for making an unauthorized investment in Chinese chip conglomerate Tsinghua Unigroup, Reuters’ Meg Shen and Ben Blanchard report. China’s Economy Ministry said that while Foxconn had acquired the stake without prior approval and so was in breach of regulations, there was no concern about an "outflow of technology" and there was minimal impact on Taiwan’s economy or industry. Reference Link

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