Apple supplier Foxconn backs top China chipmaker after $9 billion rescue

MacDailyNews
Jul 13, 2022, 3:53 pm429 pts
A Shanghai-listed arm of Apple supplier Foxconn Technology Group acquired a stake in China’s top chipmaker during its $9 billion bailout, the latest in a series of investments the Taiwanese-run firm has made in the Chinese semiconductor industry, Bloomberg News reports citing “people familiar with the…

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