Foxconn halts operations at two Shenzhen sites, one of which produces iPhones, after China imposed a non-essential business lockdown in the city until March 20
Apple Inc. supplier Foxconn is halting operations at its Shenzhen sites, one of which produces iPhones, in response to a government-imposed lockdown on the tech hub city.
Bloomberg Debby Wu
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Discussion
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@pelstrom
Peter Elstrom
on x
China's lockdowns start to hit iPhone production. Apple supplier Foxconn halts operations at Shenzhen sites, one of which produces the phones. It didn't say how long the suspension would last, will reallocate to other sites. First from @debbywuintaipei https://www.bloomberg.com/.…
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@dataandpolitics
@dataandpolitics
on x
THIS IS KINDA A HUGE FUCKING DEAL. https://twitter.com/...
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@swarajk_
Swaraj Kumar
on x
It's time for Apple to double down on their India manufacturing ops. https://twitter.com/...
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@steventdennis
Steven Dennis
on x
COVID, not over, cont'd... https://twitter.com/...
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@koreanforeigner
John Lee
on x
This is bad. The Russo-Ukrainian war has already crashed the supply of wheat and oil and gas. A COVID-19 lockdown in Shenzhen will crash the supply of electronics. This is happening all at once. This combo is going to have catastrophic consequences for the world's economies. http…
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@greggfavre
Gregg
on x
I mean, Im not a FinTech guy or an economist but you got to think that closing a city of 20 million people - THATS ALSO a global hub for research/manufacturing - aint going to be good for already exacerbated supply chain issues, commodities generally or US inflation specifically.…
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@reuters
@reuters
on x
Apple suppliers Foxconn, Unimicron cut output amid China's COVID curbs https://www.reuters.com/... https://twitter.com/...
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@donmoyn
Don Moynihan
on x
Thankfully it can just switch more manufacturing capacity to its already booming Wisconsin plants https://twitter.com/...