Chips are down as Foxconn bails on India venture

Chips are down as Foxconn bails on India vent...

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Will safety issues at Boeing seriously impact air travel?

Consumer trust in Boeing is wearing thin since an airplane door ripped off a 737 Max 9 in January, which has been followed by a string of other recent Boeing safety incidents. So how much does faltering trust actually impact the business of air travel? Plus, President Joe Biden w ...  Show more

China’s National People’s Congress comes to a close

From the BBC World Service: China’s annual policy meeting has drawn to a close at a time when the country has mountains of debt, high youth unemployment and a property sector in crisis. So what is the government’s plan to boost confidence and steady the economy? Also on today’s p ...  Show more

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Chips are down as Foxconn bails on India venture
Marketplace Morning Report

From the BBC World Service: Apple supplier Foxconn has pulled out of a $19.5bn deal with Indian mining giant Vedanta to build a chip making plant. Less than a year ago, the companies announced plans to set up the facility in Prime Minister Narendra Modi’s home state of Gujarat. P ...  Show more

#CutTheClutter: As Foxconn-Vedanta deal snaps, a look at semiconductors & ’design giant’ India’s 40-yr chip struggle
ThePrint

#cuttheclutter Taiwanese tech giant Foxconn has withdrawn from its $19.5 billion semiconductor joint venture with India’s Vedanta. While the Modi govt has said this won’t hurt India’s goals with respect to the cutting-edge chips, Foxconn has also reiterated its commitment to work ...  Show more

Big business bets on Modi
FT News Briefing

Netflix profits surged during the first quarter, global markets had a rocky week due to worries over US inflation, and India’s prime minister is getting a big boost from the business class in his re-election campaign. 


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A made-in-India iPhone?
World Business Report

Reports that the latest iPhone won't be exclusively fabricated in China but also in India may be a sign that the gap between India and China as tech manufacturing powers may be closing. As Beijing struggles with power shortages, Covid-related shutdowns and geopolitical tensions, ...  Show more