iPhone maker Foxconn’s cautious pivot to India shows limits of ‘China plus one’ | Financial Times | Taiwanese Presidential Frontrunner Talks China and Chips: Transcript | The Caspian Sea Is a Sanctions-Busting Paradise

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium iPhone maker Foxconn's cautious pivot to India shows limits of 'China plus one' - FT    When Foxconn chair Young Liu was in Tamil Nadu two weeks ago to discuss more investment by the iPhone manufacturer in the southern Indian state, two ministers from neighbouring Karnataka sought him out for their own meeting — and later produced documents claiming Foxconn also intended to build two factories in their state. While Foxconn insisted it had not committed to any project, the Karnataka government's lobbying was a sign of the intense competition brewing in India to attract more investment from the world's biggest contract electronics manufacturer, as Apple and other tech companies diversify away from their reliance on China. Multinationals' desire for a "China plus one" strategy, following supply chain disruptions and geopolitical tensions between Washington and Beijing, is driving Foxconn into a renewed push into India, where it first invested 15 years ago but where it still only employs some 50,000 of its 1mn global workforce. Continued here Taiwanese Presidential Frontrunner Talks China and Chips: Transcript - Bloomberg    Taiwanese Vice President Lai Ching-te, who is also the ruling Democratic Progressive Party's candidate for president, sat for an exclusive interview with Bloomberg Businessweek Editor Joel Weber at the Presidential Office in Taipei on July 27. The following is a lightly-edited transcript of that conversation, in which Lai discussed among other things tensions with China, ties with the US and the future of Taiwan's chip industry. While Lai's first answer was in English, he delivered his other responses in Chinese. Joel Weber: Vice President Lai, thanks for joining us today. Taiwan's relationship with China couldn't be more complicated. How do you feel about President Xi? Continued here You Might Like � � � � � � � � � The Caspian Sea Is a Sanctions-Busting Paradise - Foreign Policy    While everyone is watching the latest drama unfold in the Black Sea, mysterious shipping journeys are taking place in the Caspian Sea. The massive lake—the world's largest—is bordered by Kazakhstan, Turkmenistan, Azerbaijan, Russia, and Iran. And these days, the ocean-like sea is the scene of enormous volumes of hush-hush shipping involving primarily Russian and Iranian vessels. The past three months have each seen more than 600 AIS gaps by Russian-flagged vessels alone, up from just over 100 per month during the same period last year. (AIS is the automatic identification system, which virtually all commercial vessels are obliged to use; AIS gaps are the periods of time when a vessel's system stops transmitting.) Russian and Iranian vessels traveling between the two countries are also conducting dark port calls—calling at ports with their AIS switched off—and some are even spoofing their location. Russia is entering the shadow economy. Continued here

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