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Apple supplier Foxconn pulls out of $19.5 billion India chip project
Everything Everywhere

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#1

10-07-2023, 11:52 PM
Foxconn is pulling out of a $20 billion joint venture in India that would have produced semiconductor and display components.

The top Apple supplier didn’t provide a reason for the breakup, but the $19.5 billion project would have been one of its largest moves outside China.

Apple has emphasized supply chain de-risking to suppliers, even as executives walk a fine line in public commentary on the Communist regime.
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Niubee

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#2

11-07-2023, 12:09 AM
Close shave else money in, cannot take out !!

Smile
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Sticw

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#3

11-07-2023, 07:38 AM
Foxconn should just go to China and produce for Chinese. Lol

Wasted 20b in USA and almost in India..
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RiseofAsia

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#4

11-07-2023, 07:51 AM
Obeegood. Rotfl
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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singaporean1964

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#5

11-07-2023, 07:53 AM
they found out ah neh is a snake
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RiseofAsia

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#6

11-07-2023, 08:05 AM
(11-07-2023, 07:53 AM)singaporean1964 Wrote:  they found out ah neh is a snake

No gentleman lah.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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Everything Everywhere

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#7

11-07-2023, 08:29 AM
What an expensive lesson.
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Levin

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#8

11-07-2023, 09:06 AM
(10-07-2023, 11:52 PM)Everything Everywhere Wrote:  Foxconn is pulling out of a $20 billion joint venture in India that would have produced semiconductor and display components.

The top Apple supplier didn’t provide a reason for the breakup, but the $19.5 billion project would have been one of its largest moves outside China.

The reason given by a source is:

A source familiar with the matter said concerns about incentive approval delays by India's government had contributed to Foxconn's decision to pull out of the venture.


https://www.reuters.com/technology/foxco...023-07-10/
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theold

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#9

11-07-2023, 09:08 AM
https://www.scmp.com/news/asia/south-asi...hero_story&pgtype=homepage
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surfer

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#10

11-07-2023, 09:14 AM
Smart move, unlike stupid Temasick losing billions in ventures in that cuntry.
tomorrow will be a better day
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