Taiwanese electronics manufacturer Foxconn Technology Group has inked a deal with a municipal government in eastern China’s Shandong province to establish a RMB3.75 billion (US$545.93 million) fund, raising the company’s stakes in the country’s semiconductor sector. The RMB-dominated fund, jointly-founded by the municipal government of Jinan, will be used to mainly invest in Foxconn’s existing […]
Foxconn Sets Up $545M Fund With China’s Jinan Government To Pursue Semiconductor Ambitions appeared first on China Money Network.