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

Care for a glass of Chianti or Bordeaux after recent market volatility? It’ll cost ya. After a tense few weeks, President Donald Trump announced a 20% tariff on all EU goods, including wine. While you might think that U.S. producers would be cheering, domestic wineries and wine s ...  Show more

Overseas stock markets and U.S. stock index futures are showing an upward move in prices today, and volatility is down in sharp contrast to yesterday morning. Yesterday’s rollercoaster ride resulted from false information about a potential tariff pause. Some $2.5 trillion went in ...  Show more

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#cuttheclutter Taiwanese tech giant Foxconn has withdrawn from its $19.5 billion semiconductor joint venture with India’s Vedanta.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

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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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