iPhone assembler says China lockdowns aren’t hurting supply chain as much as feared
Apple Inc’s supplier (NASDAQ: AAPL), Foxconn, on Tuesday said the second half of 2022 is heading “in a better direction” as China’s COVID-19 lockdown appears to be easing
By Arghyadeep Dutta
Published - May 31, 2022, 03:33 PM ET
Last Updated - Feb 29, 2024, 09:02 AM EST
• Foxconn said impact of COVID-19 lockdowns has been better than it feared
• Taiwanese manufacturer paused its operations in Shenzhen after Beijing imposed lockdowns in several major cities
Apple Inc’s supplier (NASDAQ: AAPL), Foxconn, on Tuesday said the second half of 2022 is heading “in a better direction” as China’s COVID-19 lockdown appears to be easing.
“We are quite confident in the stability of our supply chain for the second half of this year,” Taiwan’s electronics contract manufacturer’s chairman Liu Young-way told the company’s annual shareholder meeting.
