Asia Tech Wire (Apr 22) -- A Foxconn subsidiary has denied that Finnish telecom giant Nokia Corp. has cut orders due to increased geopolitical risks.

Recently, there have been rumors that Nokia, the world's second-largest telecom equipment maker, has reduced orders for long-time supplier Foxconn Industrial Internet Co Ltd (601138.SH, Fii) amid increasing geopolitical risks.

Fii chairman Brand Cheng responded on Monday, "This is not true and we have not heard about it."

"Our cooperation [with customers] is normal and [the rumor] is fabricated," Cheng said.

Fii is a Shenzhen-based subsidiary of Foxconn, the world's largest iPhone assembler, and it specializes in the production of communication and mobile network equipment, cloud service equipment, precision tools and industrial robots.