We sat down with Jonathan Kolb, Founder of OBC ONE, to explore the high-stakes, hand-delivered world of onboard couriers where packages fly 8,000 miles and delays can cost millions. Plus: our featured carrier of the week.
Plus: Strait of Hormuz tensions, Senate pushes English tests for CDL drivers, Craig Fuller slams FourKites’ CEO, and more in today’s newsletter.
Craig Fuller clarifies that his comments on Project44’s Movement platform were misrepresented by FourKites CEO Matt Elenjickal
Foxconn's withdrawal from a joint semiconductor venture with Vedanta marks a significant setback to India's chipmaking goals. This move questions the success of the 'Make in India' initiative and could impact future foreign investments.
Taiwan's Foxconn has withdrawn from a $19.5 billion semiconductor joint venture with India's Vedanta, marking a significant setback to Prime Minister Narendra Modi's chipmaking ambitions. Foxconn's decision is reportedly linked to concerns over delay in incentive approval by the Indian government. The departure of Foxconn puts a dent in Modi's plans to attract foreign investors for local chip production, despite Vedanta's commitment to continue with the project with other partners. The incident casts a shadow on the 'Make in India' initiative and may influence the decision of other companies looking to invest in India.
Source: Reuters
Foxconn drops $20 billion factory in India. People often overestimate how advanced China's logistics & supply chains are compared to others. This is one of China's biggest competitive advantages & why China is THE manufacturing giant of the 🌍https://t.co/udS3oE4jiR
— Cyrus Janssen (@thecyrusjanssen) July 11, 2023
August PMI shows manufacturing still contracting. Production plummets to lowest level since May 2020 as demand weakens and inventories rise. But there may be relief moving into the holiday season.
The U.S. manufacturing sector faces contraction with a PMI of 48.7 in May 2024, while manufacturing construction hits a record high. What's up with these mixed signals?
TSMC's $11.6 billion award to fund three new chipmaking factories in Arizona.
The ISM Manufacturing Index moves from contraction to expansion for the first time in 16 months.
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