Reuters:
Source: Foxconn expects its COVID-hit Zhengzhou plant to resume full production around late December to early January, but uncertainties remain — Apple supplier Foxconn (2317.TW) expects its COVID-hit Zhengzhou plant in China to resume full production around late December to early January …
Juliana Liu / CNN:
Chinese state media: a five-day COVID-19 lockdown in Zhengzhou, home to Foxconn’s iPhone plant, has been lifted; an analyst says disruptions cost Apple $1B/week — Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory …
Vlad Savov / Bloomberg:
Source: turmoil at Foxconn’s Zhengzhou hub is likely to lower iPhone 14 Pro production by close to 6M units in 2022, potentially worsening if lockdowns continue — Turmoil at Apple Inc.’s key manufacturing hub of Zhengzhou is likely to result in a production shortfall of close …
Selina Cheng / Wall Street Journal:
Inside Foxconn’s Zhengzhou iPhone plant as the company grapples with a weekslong COVID-19 outbreak during a critical period, leading to harsh lockdown measures — As it adheres to Beijing’s strict epidemic controls, Apple’s biggest smartphone assembler scrambles to keep production lines moving
Bloomberg:
Sources: hundreds of Foxconn workers at Apple’s iPhone plant in Zhengzhou clashed with security guards as protests erupted over unpaid wages and COVID-19 fear — Hundreds of workers at Apple Inc.’s main iPhone-making plant in China clashed with security personnel, as tensions boiled …
Meg Shen / Reuters:
Foxconn’s Xingwei agrees to sell its entire stake in embattled Chinese chip conglomerate Tsinghua Unigroup for ~$771.79M — Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup.
Wall Street Journal:
A look at Apple’s efforts to reduce dependence on Foxconn; sources: Apple wants other suppliers in China, Vietnam, and India to actively plan product assembly — Burned by Covid lockdowns and worker protests at Foxconn plants, the iPhone maker is looking to diversify the supply chain that has powered its growth
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