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HONG KONG — Foxconn, the world's largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell entire equity stake in Chinese chip conglomerate Tsinghua Unigroup.

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FRIEDRICHSHAFEN, GERMANY — ZF Group has signed an investment agreement with the Guangzhou Huadu District Government to build a new plant for electronics and advanced driver assistance (ADAS) products in Guangzhou.

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SENAI, MALAYSIA — VS Industry Berhad reported first quarter sales of MYR 1.29 billion (US $239 million), an increase of 33% from the MYR 968 million ($219 million) in revenue from the first quarter of last year.

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