NEW DELHI/TAIPEI: Foxconn plans to invest up to $1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones, two sources said.The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington and the coronavirus crisis."There's a strong request from Apple to its clients to move part of the iPhone production out of China," one of the sources with direct knowledge of the matter told Reuters.Foxconn said it does not comment on matters related to customers, while Apple did not respond to a request for comment.Foxconn's planned investment in the Sriperumbur plant, where Apple's iPhone XR is made some 50 km west of Chennai, will take place over the course of three years, the second source said.Some of Apple's other iPhones models, made by Foxconn in China, will be made at the plant, said both … [Read more...] about Apple supplier Foxconn to invest $1 billion in India: Sources
Why smartphone is important
By Mike Isaac and Karen WeiseSAN FRANCISCO: Amazon on Friday asked its employees to delete the Chinese-owned video app TikTok from their cellphones, putting the tech giant at the center of growing suspicion and paranoia about the app.Almost five hours later, Amazon reversed course, saying the email to workers was sent in error.In the initial email, which was obtained by The New York Times, Amazon officials said that because of “security risks,” employees must delete the app from any devices that “access Amazon email.” Employees had to remove the app by Friday to remain able to obtain mobile access to their Amazon email, the note said.In a statement sent later on Friday, company spokeswoman Kristin Brown said, “There is no change to our policies right now with regard to TikTok.”But by then, the initial email had already added to the storm surrounding TikTok, which has been popular with young audiences in the United States for its short, fun videos, … [Read more...] about Amazon backtracks from demand that employees delete TikTok
New Delhi: The Chinese are the latest to join the Indian automobile bandwagon and though their delayed entry has made it tough to gain a strong foothold, the changing times with a growing anti-China sentiment snowbowling into a major issue now might change the scenario for these moneyed enterprises.Chinese companies have been shopping around the world, and India’s large market size, infact the fifth largest passenger vehicle volume has caught their eye with a growth potential similar to their home market, now the largest in the world.There aren’t many Chinese automakers in India, but off late some have made an ambitious entry with massive investments lined-up. The car market dominated by Japanese and then led by the Korean show that Asian companies have a clear edge on the value-conscious Indian consumers.The MG Motor India owned by the SAIC, China’s largest PV maker and the second one in the league is Great Wall Motors or GWM, that is yet to start operations after … [Read more...] about ETAuto Opinion: Will ‘Anti-China’ sentiment spoil Sino automakers’ fortunes?