Hon Hai to sell its stake in TsinghuaUNWINDING CHINA DEAL: The company said the investment had not yet been finalized, amid an ongoing government probe that could lead to a NT$25 million fine A subsidiary of Hon Hai Precision Industry Co (鴻海精密) is planning to dispose of its indirect minority stake in China’s Tsinghua Unigroup Co (清華紫光), the latest sign that Beijing’s chip industry is becoming increasingly isolated from the rest of the world. Hon Hai’s China-listed Foxconn Industrial Internet Co (FII, 富士康工業互聯網) is planning to sell the shares to Yantai Haixiu IC Investment Center (煙臺海秀積體電路產業投資中心) for no less than 5.38 billion yuan (US$771.5 million), a Taiwan Stock Exchange filing showed on Friday. Hon Hai said in a separate statement on Saturday that it decided to sell the stake to avoid uncertainty because the investment
