The primary iPhone assembler for Apple Inc, Foxconn Technology Group, is currently under investigation in China, as reported by local news outlets. The tech titan is facing audits related to taxation, along with inquiries into its land use practices.
China’s natural resources department is examining Foxconn’s operations in the provinces of Henan and Hubei. The details concerning these investigations have yet to be disclosed. Foxconn, as of now, has not issued a public statement on these allegations.
Zhang Wensheng, a representative from the Taiwan Research Institute at Xiamen University, mentioned that such probes are standard procedure for corporations suspected of violating legal norms.
He emphasized, “In case of legal breaches, Foxconn’s subsidiaries should collaborate with the investigations, accept any penalties, and promptly correct their errors.” This incident highlights the crucial role of legal compliance in business operations, and the global community is keenly observing Foxconn’s response to these investigations.
