Diversifying Supply Chains: Foxconn’s Intensified Push into India Amid Global Shifts
Saudi Arabia and the UAE are acquiring Nvidia chips for AI development, aiming to lead in the field and bolster their economies. Concerns arise about potential misuse due to autocratic leadership. Saudi Arabia has bought 3,000 H100 chips, while the UAE developed its own model named Falcon. The race for AI chips extends to China and the US, but ethical implications arise over potential lack of safeguards.
Airlines are collaborating with farmers to promote corn-based biofuels as sustainable aviation fuel to reduce emissions in the US
Tax credits for aviation fuel: $1.25 to $1.75 per gallon
Estimated annual global need for sustainable fuel by 2050: 450 billion liters
Sustainable fuel produced by refiners in the previous year: about 300 million liters
Cost of sustainable aviation fuel: $7.98 per gallon
Cost of standard petroleum-based jet fuel (Jet A): lower than $7.98 per gallon
Cost of ethanol: $2.18 per gallon
Foxconn, the world’s largest contract electronics manufacturer, is intensifying its push into India due to multinationals’ interest in diversifying their supply chains away from China.
Number of years Foxconn first invested in India: 15 years
Number of Foxconn’s global workforce: 1 million
Number of Foxconn employees in India: about 50,000
Percentage of Foxconn’s global operations in China: 75%
India’s share of Foxconn’s 2022 revenue: $10 billion (4.6%)
Percentage of Foxconn’s 2021 revenue from India: 2%
