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Scoop.it!
Some analysts say Foxconn's decision marks a setback to the country's technology industry ambitions. 
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Scoop.it!
President Donald Trump had hailed Foxconn's investment as the start of a manufacturing revival.
Graham Watson's insight:
It seems that this 'Making America Great Again' lark isn't straightforward: whereas 18 months ago, Foxconn was announcing plans for a factory in Wisconsin to much fanfare in the White House, today it is reconsidering having concluded that "high labour costs in the US meant making advanced TV screens didn't make sense".
Another success for President Trump...
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Scoop.it!
This is the third semiconductor plant announced in India, which is aiming to be a global chipmaker.
Graham Watson's insight:
Taiwanese giant., Foxconn and Indian mining company, Vedanta, has agreed a joint venture to build a semi-conductor plant in India, the third group to announce plans to build such a factory.
Not only might this help the global semi-conductor shortage, but it will also have a multiplied effect and might speed technology transfer to India, further boosting long-run growth.
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Foxconn has withdrawn from a deal to build a semi-conductor plant in India, causing some to worry about the country's technology industry. The Indian partner, Vedanta, is committed to building the factory but will now have to look for a new partner.