Leading iPhone manufacturer Foxconn has failed to secure a stake in a Taiwanese chip company with the potential to earn massive amounts of cash from Apple.
Foxconn had made a bid for a share in Siliconware Precision Industries (SPIL), offering a share swap which would have made it the largest shareholder in the company.
Unfortunately for Foxconn, the proposal was shot down by SPIL’s board of directors on Thursday, who argued that Foxconn, “fails to make a compelling case regarding necessity of the share swap.”


