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Foxconn Deal With Wisconsin Lowers Tax Breaks to $80 Million From Nearly $3 Billion


Under the original deal, signed in 2017, Taiwan-based Foxconn would have qualified for $2.85 billion in state tax credits if it invested $10 billion and created 13,000 jobs. Under the new deal, Foxconn will qualify for $80 million if it employs 1,454 people with an average wage of $53,875 and invests $676 million by 2026. Under the original deal, when taking into account local government incentives, the taxpayer subsidies for Foxconn totaled more than $4 billion.
The new contract is good for six years rather than 15. It also allows the state to recover 100% of incentives paid each year in the event of a default.
Both Evers and Missy Hughes, secretary of the state economic development agency, said the amended contract would treat Foxconn the same as other businesses. ....

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Wistron shakes up India structure, management after factory troubles: Sources


Wistron shakes up India structure, management after factory troubles: Sources
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Last Updated: Apr 15, 2021, 04:14 PM IST
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Synopsis
The move comes after a rampage in December by thousands of Wistron s contract workers, angered over payment delays and incorrect pay deductions, who destroyed equipment and vehicles at its Narsapura plant in southern Karnataka state, causing millions of dollars of damage and forcing an extended shutdown.
Reuters
Wistron Corp, the Taiwanese assembler of Apple Inc s iPhones, has restructured its internal setup and management ranks in India, two sources said, after an investigation last year into violence at one of its plants.
Wistron s smooth working is key to Apple s ambitions in India as it gradually moves production to markets beyond China, navigating the trade war between Washington and Beijing and the coronavirus pandemic. ....

United States , Sankalp Phartiyal , Sudipto Gupta , Clarence Fernandez , Apple Inc , Wistron Corp , Assembling Iphones , Narsapura Plant , ஒன்றுபட்டது மாநிலங்களில் , சூதிப்தோ குப்தா , தெளிவு பெர்னாண்டஸ் , ஆப்பிள் இன்க் ,

Global chip shortage is now affecting routers: 60-week order delays

Sigh. the CPU + GPU + next-gen console shortage is now going to extend to your home router with 60-week delays in new orders. ....

Karsten Geweck , Zyxel Communications , Gpu Shortage , Router Shortage , Chip Shortage , Global Chip Shortage , Networking Shortage , Router Shortage Worldwide ,

DoT likely to issue guidelines for telecom PLI within week

Telecom gear makers firms such as Ericsson and Nokia are keen to expand their operations in India, and global companies like Samsung, Cisco, Ciena and Foxconn have "shown interest" to set up manufacturing bases in the country for telecom and networking products for domestic and export markets. ....

Department Of Telecommunications Do , Department Of Telecommunications , Production Linked Incentive Scheme , துறை ஆஃப் தொலைத்தொடர்பு செய் , துறை ஆஃப் தொலைத்தொடர்பு , ப்ரொடக்ஶந் இணைக்கப்பட்டுள்ளது ஊக்கத்தொகை திட்டம் ,