Foxconn to see entire stake in China's Tsinghua Unigroup for 5.38 bn yuan

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Taiwan's Foxconn, the world's largest contract electronics maker, said that its subsidiary in China has agreed to sell its entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup.

Xingwei, 99% controlled by Foxconn's China-listed unit Foxconn Industrial Internet Co Ltd, has agreed to sell its holdings for at least 5.38 billion yuan ($772 million) to a Chinese company called Yantai Haixiu, Foxconn said in a statement to the Taipei stock exchange.

Xingwei controls a . . .

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