Foxconn's Xingwei agrees to sell its entire stake in embattled Chinese chip conglomerate Tsinghua Unigroup for ~$771.79M (Meg Shen/Reuters)

Meg Shen / Reuters:
Foxconn's Xingwei agrees to sell its entire stake in embattled Chinese chip conglomerate Tsinghua Unigroup for ~$771.79M  —  Taiwan's Foxconn (2317.TW), the world's largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup.

from Techmeme https://ift.tt/SlA0MZJ