Foxconn unit to sell entire equity stake in Tsinghua Unigroup

Foxconn unit to sell entire equity stake in Tsinghua Unigroup

FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's building in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu

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

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