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Taiwan Fines Apple Supplier Foxconn For Unauthorised China Investment

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Taiwan on Thursday fined Foxconn (2317. TW) $10 million ($329,088) for an investment not authorized by the Chinese chip maker.

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 However, the Taiwanese iPhone assembly firm cooperated in the matter and thus received a less severe penalty.

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Beijing believes Taiwan is an independent Chinese area and has maintained an eye on China's plans to expand its semiconductor industry.

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