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Apple supplier Foxconn says it will cooperate with Chinese authorities on tax, land use investigations - TL;DR CNBC

Apple supplier Foxconn says it will cooperate with Chinese authorities on tax, land use investigations

Publishing timestamp: 2023-10-22 23:18:00


Summary

Foxconn, the world's largest contract electronics manufacturer and a supplier for Apple, has announced that it will cooperate with Chinese authorities on tax and land use inspections. This comes after reports that Chinese officials are conducting tax audits and on-site investigations into Foxconn subsidiaries. The investigations coincide with Foxconn founder Terry Gou's bid to become Taiwan's next president.


Sentiment: NEUTRAL

Tickers: 2317-TWAAPL

Keywords: apple incasia economytechnologyhon hai precision industry co ltdbusiness newsbreaking news: technologyelections

Source: https://www.cnbc.com/2023/10/23/foxconn-says-it-will-cooperate-with-chinese-authorities-on-probes.html


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