Foxconn, a Fortune 500 company known globally for making Apple iPhones, was recently subjected to searches by Chinese tax authorities, according to local reports Sunday.
Foxconn, a Taiwanese -headquartered company officially registered as Hon Hai Precision Industry Co., Ltd, had its offices in Guangdong and Jiangsu provinces searched by tax officials, according to a report in the Chinese state-run Global Times newspaper.
The report did not provide more details about the searches, including when they occurred or what was found. Tensions have been high between China and Taiwan in recent years. China claims the democratic self-governing island of Taiwan as part of its own territory. The sides split in 1949 after a civil war and have no official relations but are linked by billions of dollars in trade and investment.
The tensions have occasionally spilled over into the economic realm. In recent years, China has banned pineapples, grouper fish and other agricultural products from Taiwan for import.Foxconn does the vast majority of its manufacturing in China. The company said in a statement Sunday evening that it will “actively cooperate with the relevant units on the related work and operations.”
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