iPhone assembler Foxconn buys 54.5% stake in SoftBank unit
Taiwanese manufacturing major, which assembles Apple's iPhones, has acquired a majority 54.5% stake in SoftBank's Asia Capital unit for over ₹4,000 crore. After completion of the deal, the unit will no longer be a SoftBank affiliate and Foxconn will become "the decision maker on investments" for the fund. Foxconn will also partner with SoftBank for the $100 billion 'Vision Fund'.