Reuters
Foxconn unit sees limited impact from suspended China plant
TAIPEI (Reuters) -Operations at a unit of Taiwan-based Apple Inc supplier Foxconn in China’s Kunshan city remain suspended because of COVID-19 controls but there is limited impact as it has shifted production elsewhere, it said on Monday. The operations in Kunshan of Foxconn Interconnect Technology, which makes data transmission equipment and connectors, will remain closed until the authorities give permission to restart, it said. “As production has previously been deployed to backup factories, the factory’s main products are located in overseas shipping warehouse and inventory levels are still sufficient, the impact on the company’s business is limited,” Foxconn said in a statement.
