Updated Oct 23, 2023 - World

Apple supplier Foxconn to cooperate with Chinese investigations

 Foxconn logo displayed on a phone screen and Apple logo on a laptop are seen in this illustration photo taken in Krakow, Poland on November 2, 2022.

An illustration including a Foxconn logo displayed on a phone screen and an Apple logo on a laptop. Photo: Jakub Porzycki/NurPhoto via Getty Images

Foxconn, the Taiwan-based maker of Apple products including iPhones, is facing tax and land-use investigations in China, Chinese state media reported Sunday.

State of play: The world's largest contract electronics maker, which is formally known as Hon Hai Precision Industry Co., said in a statement to media later Sunday that it will "actively cooperate with the relevant units on the related work and operations."

  • Chinese officials did not immediately officially comment on the report by state-backed outlet the Global Times that said "mainland tax authorities" had "conducted tax inspections on key enterprises of Foxconn in Guangdong and Jiangsu provinces, among other places, in accordance with the law."
  • The Global Times reported that Chinese officials had "conducted on-site investigations into the land use of key enterprises of Foxconn in Henan and Hubei provinces," but it did not elaborate further on the probes.

Of note: Foxconn founder Terry Gou resigned from the company's board of directors in September after announcing that he's running as an independent candidate in Taiwan's presidential elections next year, though Reuters notes that he is polling poorly.

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Editor's note: This article has been updated with new details throughout.

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