[Everything Everywhere]

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.

[Niubee]

Close shave else money in, cannot take out !!

[Sticw]

Foxconn should just go to China and produce for Chinese. Lol

Wasted 20b in USA and almost in India..

[RiseofAsia]

Obeegood.

[singaporean1964]

they found out ah neh is a snake

[RiseofAsia]

they found out ah neh is a snake

No gentleman lah.

[Everything Everywhere]

What an expensive lesson.

[Levin]

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/

[theold]

https://www.scmp.com/news/asia/south-asi...hero_story&pgtype=homepage

[surfer]

Smart move, unlike stupid Temasick losing billions in ventures in that cuntry.