Panasonic Holdings Corp. would “almost certainly” choose another US location if it decides to go forward with plans to build another battery production site, said Shoichiro Watanabe, chief technology officer of Panasonic Energy.

As semiconductors gain strategic significance, governmental support is necessary for countries eager to achieve chip self-sufficiency, and chip fab projects in India reportedly may only have to fund themselves for as little as 10% of the cost.

Foxconn chairman Young Liu spoke at the B20 summit, a part of the G20’s event series, to promote the company’s new BOL (Build-Operate-Localize) business model. He stated that to take on the macro headwinds, collaboration, sharing, and co-prosperity will be the key factors in promoting economic growth through innovation and that Taiwan will be the world’s most trustworthy partner.