Foxconn Collaborates with Chinese Authorities on Tax and Land Use Investigations

1 min read
Source: CNBC
Foxconn Collaborates with Chinese Authorities on Tax and Land Use Investigations
Photo: CNBC
TL;DR

Apple supplier Foxconn, also known as Hon Hai, has stated that it will cooperate with Chinese authorities in ongoing investigations into tax audits and land use of its subsidiaries. The world's largest contract electronics manufacturer, which assembles products like Apple's iPhones, emphasized its commitment to legal compliance. The investigations come as Foxconn founder Terry Gou seeks to become Taiwan's next president, amid tensions between Beijing and the self-governed island.

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