Xi Jinping Envoy Investigates iPhone Factory in China, What’s Up? Tech – 11 hours ago

Jakarta, CNBC Indonesia – Taiwanese technology equipment manufacturing giant, Foxconn, is the target of a tax audit in China. Several of its branches are suspected of violating applicable laws and regulations in that country.

Foxconn has been an Apple partner for many years. This manufacturer supplies the most iPhones throughout the world.

China’s natural resources department also conducted on-site inspections of Foxconn facilities to look at land use in Henan and Hubei provinces, it was reported Global Times and quoted from ReutersMonday (23/10/2023).

However, it was not explained further when the Chinese government’s investigation period into Foxconn facilities took place.

“Our basic operational principle throughout the world is to comply with applicable laws,” Foxconn said in its official statement.

Foxconn did not provide further details regarding the alleged violations. The Taiwanese giant only confirmed that it would continue to coordinate with related parties.

Deputy Dean at the Taiwan Research Institute of Xiamen University, Zhang Wensheng, said land use audits are a normal procedure carried out on companies suspected of violating regulations.

“Foxconn branches must cooperate with audits and investigations carried out by the local government. If they are proven to have violated the rules, they must admit it and bear the penalties,” he said.

[Gambas:Video CNBC]

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