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Taiwan prohibits Foxconn’s stake in chipmaker

According to reports, Taiwan security authorities reject Foxconn’s investment in Chinese chipmaker Tsinghua Unigroup. The Apple supplier’s $800 million investment in China will “definitely not materialize,” the Financial Times quoted a senior Taiwanese government official as saying on Wednesday. In July, Foxconn stated to have a stake of about 20 percent in the Chinese semiconductor conglomerate through a series of subsidiaries. Taiwan’s cabinet committee has yet to formally review the investment, the newspaper report said. Due to rising tensions, Taiwan’s National Security Council reportedly wants to block the deal. Foxconn only said it was in talks with government officials.

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