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— President Joe Biden signed the CHIPS and Science Act into law on Aug. 9, 2022, authorizing nearly $53 billion to rebuild the nation’s semiconductor industry. A Purdue University summer program gives undergrads hands-on experience in the chip-development process. The domestic semiconductor manufacturing workforce has dropped from a peak of 714,500 in 2001 to 392,100 as of July, according to government data. In addition, the CHIPS Program Office, run out of the Commerce Department, has announced major commitments for research and development, including workforce skilling, with a $5 billion package unveiled in February. Some of the students in Purdue University’s inaugural STARS program last summer, which began with about 70 trainees.

Persons: Joe Biden, Robert Zhang, doesn’t, ” Zhang, Feichi Huang, Mark Lundstrom, Purdue University Bill Wiseman, ”, Lundstrom, Sujai, Shivakumar, “, that’s, Taylor Roundtree, there’s Organizations: WEST LAFAYETTE, Purdue University, Semiconductors, Intel, Texas, STARS, Purdue, U.S, McKinsey & Co, Semiconductor Industry Association, Micron, Commerce Department, McKinsey, South, SK Hynix, Apple, Nvidia, TSMC, Center for Strategic, International Studies . Universities Locations: Ind, Syracuse , New York, Phoenix, U.S, Taiwan, Korea, Japan, Singapore, West Lafayette , Indiana, South Korean, United States, “

☆ CNBC's Inside India newsletter: The tax with potential side effects
▼ + stars: | 2024-07-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +8 min

Despite its progressive intentions, the tax failed to raise sufficient revenue for the monarch, as people boarded up their windows to lower their tax liability. Window tax was a property tax based on the number of windows in a house. In addition, the minister also lifted capital gains for stock market investors who cash in within a year from 15% to 20%. While the tax raises more than £3 billion ($3.9 billion) annually, it has given birth to far riskier forms of speculation while simultaneously hurting the stock market. However, given the lofty valuations that Indian stock markets currently trade, the tax to skim the excesses might be a positive development over the longer term.

Persons: Nirmala Sitharaman, Ajay Aggarwal, King William III of, Mike Kemp, Upasana Chachra, Morgan Stanley, Siddhartha Khemka, Motilal Oswal, Michael Langham, Abrdn, it's, JPMorgan's Jahangir Aziz, Aziz, Raghuram Rajan, Suman Bery, Bery Organizations: Union Finance, Budget Press Conference, National Media Centre, Hindustan Times, Getty Images, Getty, Budget, Motilal, Institute for Fiscal Studies, Reuters, CNBC, Health, Reserve Bank of India Locations: DELHI, INDIA, New Delhi, India, Mayfair, London, United Kingdom, England, Britain, Kerala, Malaysia, Nipah

☆ Is it true that AI won't take your job — but someone who knows AI will?
▼ + stars: | 2024-06-30 | by ( Ana Altchek | ) www.businessinsider.com time to read: +6 min

Read previewYou may have heard a version of the phrase, "AI won't take your job, it's somebody using AI that will take your job." Should you be more worried about losing your job to a human using AI or to the AI itself? He said software engineers who didn't experiment with AI tools usually didn't get the job. He asks all new hires what AI tools they use. "I think that the same is true of some of these basic, AI tools," he added.

Persons: —, Richard Baldwin, Baldwin, it's, Jasmine Escalera, LiveCareer, Matt Betts, Morgan Stanley, Klarna, Mira Murati, Carl Benedikt Frey, Goldman Sachs, Escalera, Steve Kaufer, Logan Bartlett, Kaufer, Miller Organizations: Service, Growth, Business, Bain & Company, RHR, MIT, Stanford, IBM, Oxford University, Empire Entertainment

☆ Microsoft and Amazon to invest $5.6 billion into France as Macron courts tech giants
▼ + stars: | 2024-05-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Microsoft said in a statement Monday that it's committing 4 billion euros ($4.3 billion) toward expanding its cloud and AI infrastructure in France, in addition to funding AI skilling and support for France's technology industry. The announcement was made during the "Choose France" summit, a gathering dedicated to encouraging foreign investment in France. Amazon, meanwhile, made a commitment of its own to invest 1.2 billion euros in France. Collectively, the commitments from Microsoft and Amazon to France amount to $5.6 billion of funding. In total, France reportedly bagged a record 15 billion euros of investment commitments from foreign companies at an annual "Choose France" summit on Monday.

Persons: it's, ”, Brad Smith, “, —, Frederic Duval, Duval, Emmanuel Macron, Macron, Redmond Organizations: Microsoft, Amazon, Facebook, FAIR, Mistral Locations: Athens, Greece, France, French, Mulhouse, Amazon's, Paris, Washington, Mistral

☆ First Tim Cook, now Satya Nadella is also wooing Indonesia — the world's 4th most populous nation
▼ + stars: | 2024-05-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +1 min

Microsoft plans to invest $1.7 billion in cloud and AI infrastructure in Indonesia. CEO Satya Nadella visited Indonesia this week The investment is the largest in Microsoft's 29-year history in the country. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This week the company said it would invest $1.7 billion over the next four years in cloud and AI infrastructure in Indonesia. "This new generation of AI is reshaping how people live and work everywhere, including in Indonesia," Microsoft CEO Satya Nadella said on Tuesday.

Persons: Satya Nadella, Tim Cook, — Organizations: Service, Microsoft, Business Locations: Indonesia

☆ Microsoft to invest $1.7 billion into AI infrastructure in Indonesia, CEO Satya Nadella says
▼ + stars: | 2024-04-30 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Microsoft CEO Satya Nadella (C) arrives for a meeting with Indonesia's President Joko Widodo at the Merdeka Palace in Jakarta on April 30, 2024. The announcement came as CEO Satya Nadella met with Indonesian President Joko Widodo on the same day. "This new generation of AI is reshaping how people live and work everywhere, including in Indonesia," Nadella, chairman and CEO of Microsoft, said in a statement. Microsoft also said it will partner with governments, organizations and communities to provide AI skilling opportunities for 2.5 million people in Association of Southeast Asian Nations member states by 2025. Nadella met with Jokowi in Jakarta on Tuesday to discuss topics including technological and AI breakthroughs that will help Indonesia progress, according to Indonesian news agency Antara.

Persons: Satya Nadella, Joko Widodo, ISMOYO, Nadella Organizations: Getty, Microsoft, Indonesian, Association of Southeast Asian Nations, Jokowi, Antara Locations: Jakarta, AFP, Indonesia, Golden Indonesia

☆ How India is challenging China as Asia's tech powerhouse
▼ + stars: | 2024-04-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +30 min

New Delhi has sought to woo foreign tech companies and has been increasingly successful, with giants like Apple increasing their presence in the country. Tom Chitty: For years China has been Asia's tech powerhouse where the world's electronics and some of the biggest companies on the planet are located. And I think India is in the very early stages, to put it quite bluntly, of trying to do that. Tom Chitty: India have got an election this year as well, which is going to be interesting to see what happens there. You know, India has aligned itself slightly more to the countries that are currently a bit more anti-China, shall we say?

Persons: Tom Chitty, Arjun Kharpal, It's, Let's, I'm, Arjun, You'll, We're, we've, what's, gunning, Narendra Modi, it's, Tom, Modi, Trump, Apple, COVID, there's, Taiwan's, that's, Karen Tso, China's, Tim Cook, Raghuram Rajan, We've, feasibly, India's, let's, he's, you've, we'll, I've, We'll Organizations: Apple, CNBC, China, India's, Foxconn, Micron, Tata Electronics, Taiwan's Powerchip Semiconductor Manufacturing Corp, Reserve Bank of India, CCP, Samsung, Bain, India, London Locations: China, Tencent, Asia, India, Delhi, Washington, Beijing, American, COVID, U.S, Brazil, Vietnam, Indonesia, Thailand, Taiwan, South Korea, Bangalore, Goa, Kolkata, Mumbai, Europe, Silicon, New York, Germany

☆ Generative AI is the talk of the town, but businesses are still not ready for it, survey shows
▼ + stars: | 2024-03-06 | by ( Dylan Butts | ) www.cnbc.com time to read: +5 min

"There is a misconception about how easy it is to run mature, enterprise-ready, generative AI," said Stela Solar, Inaugural Director at Australia's National Artificial Intelligence Centre in the survey report. Meanwhile, 56% of the respondents said their IT investment budgets, in general, were a limiting factor in rolling out generative AI. Other barriers to generative AI adoption according to the survey respondents included the lack of relevant generative AI skills. Disruptors versus the disruptedStill, the survey reflected overall positive sentiments about the future role of generative AI in business. While six of 10 respondents expect generative AI to substantially disrupt their industry in the next five years, 78% see it as a competitive opportunity.

Persons: skilling, Chris Levanes, Laurence Liew, Geraldine Kor Organizations: Istock, MIT Technology, Telstra, Artificial Intelligence, South, MIT, Singapore, Telstra International Locations: Australia, South Asia, Singapore

☆ It might be better to quit than stay at that job you hate
▼ + stars: | 2024-03-01 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Workers say one top regret is staying at a job too long, according to a survey by Resume Now. More people said they regret staying too long at a job over quitting. Workers say they regret not taking action over their careers over acting too soon. It might be better to quit than continue sticking it out in hopes it'll improve. Conversely, only about two in five workers said they regret quitting a job.

Persons: —, it'll, Debbie Sorensen, Sorensen Organizations: Workers, Service Locations: UK, Germany, France, Denver

☆ Jim Chanos discusses his legendary Enron short bet more than two decades later
▼ + stars: | 2024-02-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Short seller Jim Chanos is best known for calling the collapse of Enron, the world's largest energy trading company at the time. "Because the news got worse and worse and worse, and every piece of incremental bad news was much worse than what we've been through." Here's one thing that might come as a surprise: Enron was not the only stock Chanos shorted and profited from during the episode. However, Chanos saw a big red flag in Dynegy that make him bet against the stock, which eventually plunged 90%. Watch the full video above to learn about Chanos' legendary Enron bet.

Persons: Jim Chanos, Chanos, Dynegy, Jeffrey Skilling, Warren Buffett's, —, Michael Burry, Morgan Stanley's Organizations: Enron, U.S . Securities, Exchange Commission, CNBC, Warren, Warren Buffett's Berkshire, Nvidia, There's

☆ Buy these top tech stocks before it's too late, Morgan Stanley says
▼ + stars: | 2024-02-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Palo Alto Networks Analyst Hamza Fodderwala said the firm's recent security checks show cyber threats remain a top priority for IT. That bodes well for Palo Alto in 2024 and beyond, according to Fodderwala. Further, Palo Alto is better positioned for AI than investors believe, Fodderwala added. Palo Alto is scheduled to report earnings in late February. But investor skepticism remains leaving Hettenbach to pound the table for RCM shares.

Persons: Morgan Stanley, James Faucette, Faucette, Hamza Fodderwala, Fodderwala, Craig Hettenbach, Hettenbach, Docebo Organizations: CNBC, Palo Alto Locations: Palo Alto, Docebo, Tenable, Palo, Hettenbach

☆ SAP is restructuring 8,000 jobs as it shifts focus to AI
▼ + stars: | 2024-01-24 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —One of Europe’s most valuable companies is restructuring 8,000 jobs as it joins a growing list of firms shifting their focus to artificial intelligence. SAP (SAP), the enterprise software giant, announced Tuesday that it would spend €2 billion ($2.2 billion) this year on the transformation, including buyouts and retraining programs. “The majority of the approximately 8,000 affected positions is expected to be covered by voluntary leave programs and internal re-skilling measures,” SAP said. Last summer, it announced investments in three generative AI companies, adding to a pledge to invest more than $1 billion to fund AI-powered enterprise tech startups. Many US tech firms have also announced large investments in AI as they kick off sweeping reorganizations.

Persons: Christian Klein, Alibaba Organizations: Hong Kong CNN, SAP, Wipro, Huawei, US Locations: Hong Kong, New York

☆ Nearly 40% of workers like their jobs enough to turn down a promotion, a new report says
▼ + stars: | 2024-01-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Amsterdam-based Randstad's annual Workmonitor report, released Wednesday for 2024, found that 39% of workers don't want to be promoted because they like their current jobs. Related stories"This means people's motivation at work is not necessarily just driven by promotions," Randstad CEO Sander van 't Noordende told Business Insider. "They must also realize that career progression and maintaining a healthy personal life are intertwined and need to be balanced."

Persons: —, Sander van, Gen, van, Noordende Organizations: Service, Business, Employers Locations: Amsterdam, Europe, Asia Pacific, Americas

☆ Companies have an 'incredible need' for this in-demand skill, says Google exec—and it pays over $100,000 a year
▼ + stars: | 2023-11-24 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

In fact, the Bureau of Labor Statistics projects that the number of cybersecurity jobs will grow 32% in the next decade — much faster than the average for occupations overall. "Employers are really struggling to find people who are comfortable working in cybersecurity, but there's this incredible need and demand for people with these skills," says Gevelber. It's one of the reasons Gevelber founded Grow with Google, the tech giant's skilling initiative, in 2017. The online program provides lessons and certifications for in-demand skills like cybersecurity and data analytics. Other colleges and organizations, including Amazon Web Services, Columbia University and the University of Pennsylvania, offer comparable cybersecurity certificates.

Persons: Lisa Gevelber, Gevelber Organizations: FBI, of Labor Statistics, Employers, Google, Amazon Web Services, Columbia University, University of Pennsylvania Locations: U.S, cybersecurity

☆ Malaysia, Google announce strategic collaboration on skills opportunities - state news agency
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsKUALA LUMPUR, Nov 16 (Reuters) - The Malaysian government and Google (GOOGL.O) announced a strategic collaboration to create inclusive growth opportunities for Malaysians and home-grown companies, state news agency Bernama reported on Thursday. The collaboration, aimed at accelerating innovation domestically, is expected to help businesses of all sizes advance their digital competitiveness through skilling programmes, investment, responsible innovation on artificial intelligence (AI), and cloud-first policies, Bernama said, citing Google and Malaysian Prime Minister Anwar Ibrahim. Reporting by Rozanna LatiffOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Bernama, Anwar Ibrahim, Rozanna Organizations: REUTERS, Malaysian, Google, Thomson Locations: Zurich, Switzerland, KUALA LUMPUR

☆ How to spot a corporate psychopath and avoid hiring a candidate with sociopathy
▼ + stars: | 2023-10-26 | by ( Maiya Focht | ) www.businessinsider.com time to read: +5 min

Corporate psychopaths are drawn to powerful institutions and good at climbing a corporate ladder. Corporate psychopaths are drawn to positions of power, and may be in your field. He gave a presentation about his most recent research, which posthumously diagnosed Bernie Madoff as a corporate psychopath, this week at the Chelmsford Science Festival. Basically, if you see someone act "totally ruthless in determination to accrue money and power and control," they might be a corporate psychopath, Boddy said. Am Psycho ProductionsBoddy said that issuing more stringent hiring practices could be enough to weed out corporate psychopath candidates in the future.

Persons: —, Clive Boddy, Bernie Madoff, Boddy, they've, who's, we've, Bernie Madoff's, Jeffrey Skilling's, Psychopathy, psychos, Psycho Productions Boddy Organizations: Service, Corporate, School of Management, Anglia Ruskin University, Chelmsford Science, Enron, Australian Psychological Society, Psycho Productions Locations: Chelmsford

☆ Why former Goldman Sachs partners say they left the firm
▼ + stars: | 2023-09-20 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +23 min

Goldman Sachs partners are leaving — some 202 during David Solomon's five years as CEO by Insider's calculation. In particular, before Solomon, Goldman nurtured many fiefs and then spread the wealth from the most successful ones across the firm. Of the former Goldman executives that Insider interviewed, here are the most cited reasons they gave for leaving Goldman. When both men struggled, senior partners left, and Goldman stumbled in its efforts to wind down its balance-sheet investments. Goldman Sachs partners are paid well by any standard: $950,000 in base salary and often multiples of that in annual bonuses.

Persons: Goldman Sachs, David Solomon's, Solomon, Goldman, David Solomon, John Waldron, Goldman's, Adebayo Ogunlesi, Mike Mayo, Andrew Toth, Devin Ryan, Ryan, Waldron, Tony Fratto, Mike Blake, Eric Lane, Julian Salisbury, Lane, Luke Sarsfield, Sarsfield, Marc Nachmann, he's, Fratto, Stephanie Cohen, Cohen, Kathy Ruemmler, Charles Dharapak, Barack Obama's, Kenneth Lay, Jeffrey Skilling, Ruemmler, Unbeknown, Jeffrey Epstein, dealmaking, David S, Holloway, Mayo, David doesn't, GreenSky, Brendan McDermid, It's, Alison Mass, Hank Paulson, Russell Horwitz, David, it's, Emmalyse Brownstein Organizations: Wall, JPMorgan, Wells, Wells Fargo Securities, Investors, Goldman, AWM, Sarsfield, BAE Systems, Justice Department, Street Journal, Bloomberg, Employees, Partners, Federal Reserve, United Capital Financial Partners, Reuters, GreenSky Locations: New York, Wells Fargo, Salisbury, Manhattan, Texas, Plano, London, Paris, Chicago

☆ Wells Fargo: Former executive avoids prison time for her role in fake-accounts fraud
▼ + stars: | 2023-09-15 | by ( Allison Morrow | ) edition.cnn.com time to read: +2 min

New York CNN —Former Wells Fargo executive Carrie Tolstedt was sentenced to three years’ probation on Friday for her role in the bank’s sprawling fake-accounts scandal. Wells Fargo has spent billions of dollars over the past eight years to settle allegations related to the accounts scandal, in which Tolstedt played a key role. Tolstedt, the only Wells Fargo executive to face criminal charges in the scheme, paid $17 million to settle a civil case with the the OCC, and $3 million to settle with the SEC. She received a $125 million retirement package when she left Wells Fargo, though the bank has clawed back about $67 million of that. Wells Fargo has struggled to get its house in order since the fake account scandal.

Persons: Carrie Tolstedt, Tolstedt, Wells Fargo, Wells, John Stumpf, Stumpf, Jeff Skilling, — CNN’s Matt Egan Organizations: New, New York CNN, Former Wells, Securities and Exchange Commission, OCC, SEC, Wells Locations: New York, Wells Fargo’s, Wells Fargo

“No way I can get a fair trial, or even close to a fair trial, in Washington, D.C. Several January 6 defendants have argued that there’s been too much pretrial publicity in DC for a fair trial and that the jury pool in the city would be too biased. Still, Trump attorney John Lauro on Sunday cast doubt on the idea that Trump could receive a fair trial in the nation’s capital. Former Vice President Mike Pence, who recently made his sharpest condemnation of Trump, told CBS on Sunday he “would hope” Trump can receive a fair trial in Washington. That’s one reason why the January 6 defendants’ trials have gone forward without delay even though so many attempted to move their cases out of Washington, DC.

Persons: Donald Trump, ” Trump, Trump –, there’s, Roger Stone, Richard Nixon, Trump, John Lauro, ” Lauro, CNN’s Dana, Lauro, ”, I’m, Trump’s, Chris Christie, Bash, ” Christie, Mike Pence, Jeffrey Skilling, Tsarnaev Organizations: CNN, DC, Capitol, Democratic, ”, Court, CBS, Union, District of Columbia, Sunday, Enron, Boston Marathon Locations: Washington ,, Washington, DC, West Virginia, “ State, New Jersey, Houston, Boston

☆ 4 careers where workers will have to change jobs by 2030 due to AI and shifts in how we shop, according to a McKinsey study
▼ + stars: | 2023-07-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Nearly 12 million US workers may need to switch jobs by 2030, a McKinsey study found. But between now and 2030, the McKinsey researchers projected that 11.8 million workers will have to change jobs not because they want to, but because they have to. Roughly nine million of them might have to find new jobs in new industries altogether, the study found. The study found that Americans in lower-wage jobs are up to 14 times more likely to need to change occupations by 2030. Chui said this could lead to less demand for some jobs and increased demand for others — like healthcare workers.

Persons: Michael Chui, Chui, Chu, we're Organizations: McKinsey, Service, McKinsey Global Institute, America Locations: Wall, Silicon, United States

☆ India's economy to hold top spot for GDP but not so much for jobs growth: Reuters poll
▼ + stars: | 2023-07-24 | by ( Milounee Purohit | ) www.reuters.com time to read: +3 min

The world's most populous country aspires to leapfrog to the status of a developed nation, riding on the unprecedented demographic dividend, which demands an annual gross domestic product (GDP) growth rate of around 8% for the next 25 years. It was forecast to grow 6.5% next fiscal year, with expectations of 6.2% growth this quarter, followed by 6.0% and 5.5%. "I think 6.0% to 6.5% is a very achievable and a very conservative forecast for India's growth trajectory," Nim added. The remaining six said the PLI scheme, which allocated billions of rupees as incentives from the Union budget in 2023-24, will have no impact. While India has a lot more ground to cover to replace China as the world's manufacturing hub, some economists acknowledged the PLI scheme was a step in the right direction.

Persons: Dhiraj Nim, Nim, Ajay Banga, Radhika Piplani, PLI, Piplani, Suman Chowdhury, Milounee Purohit, Susobhan Sarkar, Veronica Khongwir, Hari Kishan, David Holmes Organizations: ANZ Research, World, Capital Advisors, Union, Thomson Locations: BENGALURU, China, People's Republic, India

Electric vehicles sales are already trending up, accounting for 8% of all car sales in April, up from 1.1% a year earlier. DEMAND UNCERTAINTYDespite the government's EV push, uncertainty remains over how tough its vehicle emission standards will be. The challenge is the expansion of public chargers, especially in regional areas, where the power infrastructure to support fast chargers is often scarce or absent. The country's public chargers tend to be underpowered, with 0.5 kilowatts of public charging per EV versus an average 2.4 kw worldwide. Reuters Graphics Reuters GraphicsExpansion of public chargers is slow as operators face long delays connecting to the grid.

☆ Google CEO Sundar Pichai said he thinks AI will make the law profession better, not get rid of lawyers
▼ + stars: | 2023-05-12 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Google CEO Sundar Pichai told The Verge he thinks AI will make the law profession better. Pichai said more people may become lawyers because law and legal systems aren't going away. Google CEO Sundar Pichai said he thinks artificial intelligence will make the law profession better and that he's "willing to almost bet" there will be more lawyers a decade from now. However, Madgavkar said AI won't be able to fully automate legal jobs, because human judgment is still needed to meet client and employer demands. Pichai told The Verge he thinks "governments and legal systems will always have to grapple with the same set of problems," when new technology emerges.

“From education and developers to manufacturing and the environment, we’re committed to growing and investing across the country,” Cook wrote on Twitter following the meeting. The California-based giant is the world’s second biggest smartphone maker behind Samsung (SSNLF), but its 6% share of the Indian market remains small. Apple has also been ramping up its manufacturing in India, where it first began making iPhones in 2017. In recent months, it has expanded production there after suffering supply chain snags in mainland China, which accounts for the bulk of its smartphone manufacturing. Last month, Foxconn CEO Young Liu also spent a week in the country and met with Modi.

☆ From Apple to Boeing, India is being put to the test as China manufacturing alternative
▼ + stars: | 2023-03-12 | by ( Vikram Barhat | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesThe ties between American companies and India as a manufacturing and supply chain partner are getting deeper. The Boeing deal is indicative of the wider trend among global manufacturers including Apple, Samsung and Nokia, to accelerate manufacturing in India. As far back as 2014 it launched the "Make in India" campaign to raise the profile of India as a global manufacturing hub and encourage multinational companies to produce in India. Boeing, Air India issues The partners have their internal issues to work through. That's on top of the hurdles foreign companies can expect to face in India's accleration as a manufacturing and supply chain partner.

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