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TikTok pledged to protect U.S. data. $1.5 Billion later, it’s still struggling.

LivemintLivemint · 1y ago
TikTok pledged to protect U.S. data. $1.5 Billion later, it’s still struggling.
Medial

TikTok has reportedly spent $1.5 billion to build a separate unit, called Project Texas, in an effort to convince U.S. lawmakers that the app is safe. The unit was created to oversee American data and ensure content recommendations were not influenced by China. However, insiders reveal that Project Texas employees sometimes share data outside the unit without going through official channels, raising concerns about the security of user data. TikTok executives continue to update the app's algorithm from China, making it difficult for Project Texas employees to keep track of changes. The company's handling of data has become a cause for concern among employees, who question TikTok's commitment to protecting American users.

Why Taiwan's Foxconn, an iPhone supplier, is investing in Texas and Thailand

Economic TimesEconomic Times · 8m ago
Why Taiwan's Foxconn, an iPhone supplier, is investing in Texas and Thailand
Medial

Taiwanese electronics manufacturer Foxconn is expanding its operations outside of China by investing millions of dollars in factories and land in countries like India, Mexico, and Thailand. This move is aimed at reducing their dependence on China and preparing for potential tariffs imposed by President-elect Donald Trump. Foxconn's global expansion would help insulate the company from the impact of these tariffs. However, replicating its manufacturing model outside of China could prove challenging, as the country has provided years of government-backed infrastructure investment. Additionally, Foxconn has a history of making investment promises that don't materialize in some instances.

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