The speculation comes after a decline of nearly 60% in the company's shares this year that has made it the worst performer and with the lowest stock price on the Dow index.
Explaining its breakup with Vedanta, Foxconn said Tuesday ‘there was recognition from both sides that the project was not moving fast enough’ and there were other ‘challenging gaps.’
Second mega $19.5 bn plan to build chips locally by joint venture of Vedanta-Foxconn also moves at slow pace as their talks to rope in STMicroelectronics as partner are deadlocked
A leading chipmaker, South Korea asked the US to review the rule that prevents recipients of US funding from building new facilities in such countries, beyond 5% of existing capacity.
Fumio Kishida said he welcomed and expected more investment from global chipmakers in Japan, which is striving to revive its chip sector, after meeting top executives on Thursday.
Part of the US strategy in setting the rules was to avoid such a shock that the Chinese would ditch American chips altogether and redouble their own chip-development efforts.
Foxconn, Samsung, Oppo, Wistron, Pegatron - it was mostly foreign brands that occupied consumer electronics manufacturing scene. But Super Plastronics has been an Indian flag bearer.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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