TaiwanBIZZ

Taiwan’s Foxconn, one of Apple’s largest suppliers, is being investigated by authorities in China, according to state media.

In a world where corporate powerhouses and political machinations often intersect, Taiwan has found itself defending Foxconn, one of the world's largest contract producers of electronics, amid an investigation by Chinese authorities into several of the firm’s sites.

Taiwan's industrial production continued to decline in September amid weak performance in the mining, quarrying, and manufacturing

Taiwan-based fashion luxury platform, PopChill, secured a US$1.9m investment, which will be used for expanding into the Hong Kong market after its astounding success in Taiwan. Over the past year, the niche marketplace has exceeded its gross merchandise volume of US$1m and reached a US$800 average order value,

Foxconn, a major supplier of Apple's iPhones, is facing a tax probe in China, two sources close to Foxconn confirmed on Monday, saying they believed it was disclosed by a state-backed paper for political reasons tied to Taiwan's upcoming elections.

And so it is with Foxconn, the Taiwan-based electronics giant, a major supplier of Apple's iPhones, now under the microscope of Chinese authorities.Caught in the CrossfireShares of Foxconn fell by up to 3% on October 23 following reports of tax audits and land use investigations in China.