Taiwan’s Foxconn sends Chinese engineers working at Indian iPhone facility home, China hand suspected – Firstpost

Taiwan’s Foxconn sends Chinese engineers working at Indian iPhone facility home, China hand suspected – Firstpost

Chinese engineers have played a key role in training Indian workers since Apple began scaling up production in India about four years ago. However, now, Beijing is discouraging technology transfers and equipment exports to India read more Foxconn Technology Group has sent hundreds of Chinese engineers and technicians back home from its iPhone manufacturing facilities…

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Why Rigetti Computing Stock Lit Up Today

Why Rigetti Computing Stock Lit Up Today

Rigetti stock isn’t an investment, but a gamble. Rigetti Computing (RGTI 15.45%) surged ahead to close up 15.5% Wednesday after investment bank Cantor Fitzgerald initiated coverage of the quantum computing stock with an outperform rating (i.e., buy) and a $15 price target — which, if correct, implies Rigetti stock could go up another 20% over…

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Emperor’s financial struggle mirrors the current state of Hong Kong’s property sector

Emperor’s financial struggle mirrors the current state of Hong Kong’s property sector

Just over five years ago, residential and commercial real estate prices and rents were hitting record highs. Developers reported robust earnings and had access to cheap financing, boosting their confidence – and that of investors – to spend more on new projects or acquire existing income-generating properties. But this golden era ended abruptly. Social unrest…

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GuruFocus.com

Apple’s India Strategy Shaken as China Strikes Back

Foxconn has quietly pulled back hundreds of Chinese engineers from its iPhone plants in southern Indiaa move that could throw a wrench into Apple’s (NASDAQ:AAPL) fast-tracked diversification plans. More than 300 workers have already flown home over the past two months, according to people familiar with the matter, leaving mostly Taiwanese support staff on the…

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