Taiwan against Foxconn stake in Chinese chipmaker

Taiwan, the world’s largest contract electronics manufacturer, is concerned about China’s recent ambitions in the semiconductor sector. The Taiwanese government bans companies from building manufacturing facilities in China to avoid moving their most advanced technology abroad. At the same time, Taiwan is under increasing pressure from China, which regards the democratically governed island as its own territory. Tensions in the region recently escalated after US House Speaker Nancy Pelosi traveled to Taiwan despite threats from China.