Apple supplier Foxconn to invest $1B in India, sources say

#1

Post by 80mph » Fri, Jul 10, 2020, 10:45 PM UTC

Apple supplier Foxconn to invest $1B in India, sources say
reuters.com

Re: Apple supplier Foxconn to invest $1B in India, sources say

#2

Post by mchusma » Sat, Jul 11, 2020, 1:24 AM UTC

If I were anyone relying on China right now I would diversify to other countries as fast as possible. Everyone should ask: what if I get cut off tomorrow? And have a strategy for that.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#3

Post by paxys » Sat, Jul 11, 2020, 1:37 AM UTC

After their disaster in Wisconsin I'm going to wait till they actually spend the money before considering it newsworthy.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#4

Post by notRobot » Sat, Jul 11, 2020, 1:42 AM UTC

paxys wrote: post #3

After their disaster in Wisconsin I'm going to wait till they actually spend the money before considering it newsworthy.

Indeed. Those who aren't aware can read this article [1] or listen to this brilliant podcast episode from Reply All [2].

[1]: https://www.bloomberg.com/news/features/2019-02-06/inside-wi...

[2]: https://gimletmedia.com/shows/reply-all/wbhjwd/

Re: Apple supplier Foxconn to invest $1B in India, sources say

#5

Post by linuxftw » Sat, Jul 11, 2020, 1:54 AM UTC

paxys wrote: post #3

After their disaster in Wisconsin I'm going to wait till they actually spend the money before considering it newsworthy.

Never do with tax breaks what you can do with tariffs.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#6

Post by ycombonator » Sat, Jul 11, 2020, 1:54 AM UTC

mchusma wrote: post #2

If I were anyone relying on China right now I would diversify to other countries as fast as possible. Everyone should ask: what if I get cut off tomorrow? And have a strategy for that.

A lot of CXOs are waiting for the Biden win and hoping for storm to pass so to speak.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#7

Post by elongatedMusku » Sat, Jul 11, 2020, 1:55 AM UTC

Sriperembethur is a good location. It is close to Chennai port.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#8

Post by hkmaxpro » Sat, Jul 11, 2020, 2:08 AM UTC

> Assembling iPhone SEs in India helps Apple to avoid a 20% tax on imported smartphones, and potentially to gain a greater foothold in the growing market. Apple earns just 2.2% of its global revenue in India

https://www.thestreet.com/investing/apple-to-move-iphone-se-...

Re: Apple supplier Foxconn to invest $1B in India, sources say

#9

Post by PostThisTooFast » Sat, Jul 11, 2020, 2:13 AM UTC

Huh. They were supposed to invest a boatload in Wisconsin too.

Funny how that never seemed to happen.

Re: Apple supplier Foxconn to invest $1B in India, sources say

#10

Post by yumraj » Sat, Jul 11, 2020, 2:16 AM UTC

ycombonator wrote: post #6

mchusma wrote: post #2

If I were anyone relying on China right now I would diversify to other countries as fast as possible. Everyone should ask: what if I get cut off tomorrow? And have a strategy for that.

A lot of CXOs are waiting for the Biden win and hoping for storm to pass so to speak.

Which storm will pass? Don’t think Biden winning will change Xi’s or CCP’s behavior?