Key Apple suppliers seeking stake in Taiwan chip packaging firm

Iphone assembler Hon Hai Precision Industry Co Ltd will buy a 21 percent stake in Siliconware Precision Industries Co Ltd (SPIL), both firms said on Friday, days after another Taiwan-based Apple Inc supplier also said it wanted to buy into the chip packaging firm. The rivalry over SPIL, the industry's third-largest packager, comes as companies in the chip industry seek to overcome the technological challenges raised by the Internet of Things, where everyday products are monitored and controlled