Taiwan plans to suspend Foxconn investment in Chinese chip maker Fear of technology theft

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snowball
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Taiwan plans to suspend Foxconn investment in Chinese chip maker Fear of technology theft

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Reuters reported on Aug. 10, citing a report from the Financial Times, that Taiwanese security officials wanted to convince Foxconn to scrap its plan to Invest $800 million in Chinese chip maker Tsinghua Unigroup.

Financial Times report Citing a senior Taiwanese government official responsible for national security: Such investment agreements will certainly not occur.

The source stated that At this time, the National Security Council of Taiwan and the Mainland Affairs Council consider the matter It was of the opinion that the investment should be suspended. However, the Taiwan Cabinet has not reviewed Foxconn's investments. official

The news reports came after Taiwan. As the world's largest electronic components manufacturer There are concerns over China's efforts to push the semiconductor manufacturing industry. Taiwan has previously proposed a new law to prevent China from stealing Taiwan's chip technology.
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