Foxconn has announced that it expects to resume normal production by the end of the month after shutting down many facilities due to coronavirus. Foxconn supplies parts to many leading smartphone companies and is said to be the main assembler of Apple's iPhone devices. The company has announced that half of its workforce has returned to work after shutting down several facilities to help stem the spread of the infection, with many workers quarantined just after the new holiday. lunar year
Supply chain disruption
"Epidemic prevention, return to work and production are our top priorities," Foxconn Chairman Liu Young-Way said in a statement. Although the company said it did not expect the shutdown to have a significant impact on its supply chain, it noted that it only expected a "slight downward revision" to initial revenue targets, which should be around a 15% drop. , mainly in consumption. and corporate products. "There are still many uncertainties of which we cannot quantify the potential full-year impact," the company added in a statement. "However, AI, semiconductors and 5G remain essential long-term catalysts. Therefore, we believe that certain lawsuits will be postponed until the end of this year." Foxconn's return to its full potential is also good news for Apple, as any delay in resuming operations could have had an impact on the launch of the next iPhone. Via: Reuters