Apple Supplier Foxconn Mostly Abandons $10-Billion Project Touted by Trump

Foxconn is drastically scaling back a planned $10 billion (Rs. 75,400 crores) factory in Wisconsin, US, confirming its retreat from a project that former US President Donald Trump once called “the eighth wonder of the world.” Under a deal with the state of Wisconsin announced on Tuesday, Foxconn will reduce its planned investment to $672 … Read more

Apple Supplier TSMC Says Worldwide Chip Shortage Will Continue in 2022

Taiwan Semiconductor Manufacturing Co (TSMC) said on Thursday it is doing all it can to increase productivity and alleviate a worldwide chip shortage, but that tight supplies will likely continue into next year. The world’s biggest contract chipmaker said it is expanding capacity and working to keep pricing reasonable. “We have acquired land and equipment, … Read more