Taiwanese technology giant Foxconn targeted by investigations in China (AFP/Archives/Sam Yeh)
Taiwanese technology giant Foxconn, one of the main suppliers of the American Apple, confirmed on Sunday that it was the subject of investigations in China and assured that it was “cooperating” with the authorities.
Several subsidiaries of the group in China are the subject of a tax audit, the Global Times, a Chinese state daily, reported on Sunday.
The sites concerned are located in Guangdong province (south) and Jiangsu (east).
The newspaper added that authorities are also investigating how Foxconn uses the land of its subsidiaries in the central provinces of Hunan and Hubei.
The article does not specify what authorities are seeking to know or what offense(s) Foxconn may have committed.
“Compliance with legislation is a basic principle for our group worldwide,” Foxconn commented in a statement.
“We will actively cooperate with [autorités] competent for the operations concerned,” added the company without further details.
Foxconn is a large group that assembles electronic products for many international brands, including Apple.
It is the largest private sector employer in China, with more than a million employees across the country and has around 30 factories and research institutes.
These investigations come two and a half months before a presidential election in Taiwan, an island territory of 23 million inhabitants that Beijing considers part of China.
Foxconn founder, billionaire Terry Gou, resigned from his board position in September to “prepare” his candidacy.
Local media believe this decision shows his determination to run, while sparing his business.
Mr. Gou, who no longer exercises any executive power within the group since 2019, retained a seat on the board of directors.
© 2023 AFP
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