Apple supplier Foxconn’s failed India chip venture shows how tough it is for new players

[ad_1] This month, Foxconn pulled out of its joint venture with Vedanta. The two sides “mutually agreed to part ways,” Foxconn said in a statement at the time. Sopa Images | Lightrocket | Getty Images Foxconn is best known as the main assembler of Apple’s iPhones. But in last couple of years, the Taiwanese firm … Read more

TSMC reports first profit drop in 4 years as electronics demand slump continues

[ad_1] A woman walks past a Taiwan Semiconductor Manufacturing Company (TSMC) logo at the Hsinchu Science Park in Hsinchu on July 5, 2023. (Photo by Sam Yeh / AFP) (Photo by SAM YEH/AFP via Getty Images) Sam Yeh | Afp | Getty Images Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, posted a second-quarter profit … Read more