SG Talk

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.

Close shave else money in, cannot take out !!

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

Wasted 20b in USA and almost in India..

Obeegood.

they found out ah neh is a snake

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

No gentleman lah.

What an expensive lesson.

(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/

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

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