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Sources: Foxconn Industrial Internet took a minority stake in Chinese state-backed chipmaker Tsinghua Unigroup for $788M during Unigroup's $9B bailout by China (Bloomberg)

By: Feed Avenue

Date:

July 13, 2022

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Bloomberg:

Sources: Foxconn Industrial Internet took a minority stake in Chinese state-backed chipmaker Tsinghua Unigroup for $788M during Unigroup’s $9B bailout by China — A Shanghai-listed arm of Foxconn Technology Group acquired a stake in China’s top chipmaker during its $9 billion bailout …

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