Taiwan to fine Foxconn for unauthorised China investment

TAIPEI (Reuters) -Taiwan's government said on Saturday it would fine Foxconn, the world's largest contract electronics maker, for an unauthorised investment in a Chinese chip maker even after the Taiwanese firm said it would be selling the stake. Foxconn, a major Apple Inc supplier and iPhone maker, disclosed in July it was a shareholder of embattled Chinese chip conglomerate Tsinghua Unigroup. Violators of the law could be fined repeatedly until corrections are made.