financetom
Business
financetom
/
Business
/
Taiwan says four Foxconn employees detained in China
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Taiwan says four Foxconn employees detained in China
Oct 10, 2024 11:03 PM

TAIPEI, Oct 10 (Reuters) - Four employees of Taiwan's

Foxconn, the world's largest iPhone assembler, have

been detained in China under "quite strange" circumstances,

Taiwan's government said.

Taiwan's Mainland Affairs Council, in a statement to Reuters

on Thursday, said the four employees had been detained in

China's Zhengzhou, home to a major Foxconn plant assembling

Apple's ( AAPL ) iPhones, on suspicion of the equivalent of

"breach of trust".

"The circumstances of this case are quite strange," it said.

The case may be connected to corruption and abuse of power

by a small number of Chinese security officials, the council

added, without giving details.

Foxconn declined to comment.

The Mainland Affairs Council said Foxconn had stated the

company had "suffered no losses and that the four employees had

done nothing to harm the company's interests".

"This has seriously damaged the confidence of companies. We

call on relevant departments on the other side of the Taiwan

Strait to investigate and deal with it as soon as possible."

Calls to China's Taiwan Affairs Office seeking comment

outside of office hours went unanswered.

In June, Taiwan's government raised its travel warning for

China, telling its citizens not to go unless absolutely

necessary, following a threat from Beijing to execute those

deemed "diehard" Taiwan independence supporters.

China claims democratically governed Taiwan as its own

territory, over the strong objections of the government in

Taipei.

Taiwanese businesses have invested billions of dollars in

China since the country began landmark economic reforms four

decades ago, drawn by a common culture and language and much

lower costs.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Regenxbio Reports 'Successful' Meeting With FDA For RGX-121
Regenxbio Reports 'Successful' Meeting With FDA For RGX-121
Jun 18, 2024
12:30 PM EDT, 06/18/2024 (MT Newswires) -- Regenxbio ( RGNX ) said Tuesday it has completed a successful pre-biologics license application meeting with the US Food and Drug Administration for RGX-121 for the treatment of Mucopolysaccharidosis Type II, or Hunter Syndrome. This positive engagement with the FDA marks an important milestone for Regenxbio ( RGNX ) and RGX-121 on the...
Why Occidental Petroleum Corporation Shares Are Moving Higher Tuesday
Why Occidental Petroleum Corporation Shares Are Moving Higher Tuesday
Jun 18, 2024
Occidental Petroleum Corporation ( OXY ) stock is moving higher on Tuesday after Berkshire Hathaway increased its stake in the company. What Happened: On Monday, Berkshire Hathaway in a form4 disclosed that it purchased about 2.9 million additional shares. Berkshire Hathaway purchased these shares at an average price of $59.70. Prior to Monday, the company had already filed twice in...
Nordstrom Plans to Open New Nordstrom Rack Store in California
Nordstrom Plans to Open New Nordstrom Rack Store in California
Jun 18, 2024
12:36 PM EDT, 06/18/2024 (MT Newswires) -- Nordstrom (JWN) said Tuesday it plans to open a Nordstrom Rack store in Tarzana, California. The fashion retailer said the 25,000-square-foot store, which will be located in a shopping center, will open in fall 2024. Shares of the company were down more than 1% in recent trading. Price: 21.51, Change: -0.30, Percent Change:...
--Boeing Starliner's Return to Earth Reportedly Delayed
--Boeing Starliner's Return to Earth Reportedly Delayed
Jun 18, 2024
12:34 PM EDT, 06/18/2024 (MT Newswires) -- Price: 174.81, Change: -3.58, Percent Change: -2.01 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved