Foxconn's Xingwei agrees to sell its entire stake in embattled Chinese chip conglomerate Tsinghua Unigroup for ~$771.79M (Meg Shen/Reuters)

Meg Shen / Reuters:

Foxconn’s Xingwei agrees to sell its entire stake in embattled Chinese chip conglomerate Tsinghua Unigroup for ~$771.79M  —  Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup.