Foxconn aims to resume half of China production by end-February

Foxconn the trading name of Hon Hai Precision Industry is seen on top of the company's building in Taipei Taiwan

Foxconn the trading name of Hon Hai Precision Industry is seen on top of the company's building in Taipei Taiwan

In March, Foxconn hopes to be able to resume 80% of its usual production.

"Shipments will be affected, but it's too early to give an exact number", the source noted.

"We might still have a chance to make it with overtime, but we also need to monitor consumer sentiment to come for the end products", the source added, referring to electronics, including smartphones. Only South Korea's Samsung Electronics has completely transferred the manufacture of smartphones from China, although it still supplies components from the country.

Foxconn did not immediately respond to emails and phone calls for comment.

But nearly a tenth of the workforce had returned to two key plants in southern Shenzhen and downtown Zhengzhou until Monday, a source told Reuters.

Reports previously had suggested that Foxconn had been told not to reopen its factories by Chinese authorities and staff were told not to return to work due to fears over the coronavirus outbreak. Apple typically makes iPad announcements in October, but it has used its iPhone event in September to make a few iPad announcements before, including the original iPad Pro in 2015 and the 10.2-inch iPad in 2019.

Foxconn has increased its capacity at plants in Vietnam, India and Mexico to handle the outage in China, but the manufacturer can fix the fall in revenue in the first quarter of 2020 because of the epidemic, which began to affect the activities of a contract manufacturer.

Shares of Hon Hai yesterday gained 3.14 percent in afternoon trade to close at NT$85.5 on the Taiwan Stock Exchange, outperforming a gain of 0.94 percent on the TAIEX.

The shares have lost more than 7% since the market reopened after the holiday break.

Notícias recomendadas

  • CVS Health swings to profit in 4th quarter

    CVS Health swings to profit in 4th quarter

    Excluding the charge and other non-recurring items, adjusted earnings per share were $2.14, beating analysts' estimates of $1.68. The segment's medical-loss ratio, which represents the share of premiums paid out in claims, was 85.7% for the quarter.
    World's oldest man crowned in Japan aged 112

    World's oldest man crowned in Japan aged 112

    After the end of World War II, Watanabe returned to Niigata and worked for the prefectural government until retirement. He received a certificate recognizing him as the world's oldest man Wednesday at a healthcare center in the city.
    Lyft Grows Ridership, Beats Revenue Estimate In Q4, But Stock Drops

    Lyft Grows Ridership, Beats Revenue Estimate In Q4, But Stock Drops

    The company reported that Uber's Rides accounts for more than ¾ of the business' increased generated income in the Q3 2019. Active riders increased to 22.9 million, up 23% from a year ago, with revenue per active rider rising 23%, to $44.40.
  • Brrrr! Bitter cold temps, wind chills move into the region

    Brrrr! Bitter cold temps, wind chills move into the region

    An arctic surge of cold air will follow the snow which will cause any standing water or snow packed roads to refreeze on Friday . Stable air continues pushing in throughout the night, so snow showers will mainly stick to mountains tonight .
    Jenna Bush Hager defends George W.'s friendship with Ellen DeGeneres

    Jenna Bush Hager defends George W.'s friendship with Ellen DeGeneres

    She added, "And I also think decency and humanity should be at the basis of all conversations". 'I try to fight against that a little'.
    Hubei Adds 4,823 Cases; China Virus Death Toll at 1,483

    Hubei Adds 4,823 Cases; China Virus Death Toll at 1,483

    The number of newly reported cases from China has stabilised in the past week but that has to be interpreted with extreme caution. The death toll from the coronavirus has well passed the roughly 775 people who died from the SARS epidemic of the early 2000s.
  • Fury can win against Wilder - Joshua backs British rival

    Fury can win against Wilder - Joshua backs British rival

    England's Fury (29-0-1, 20 KOs) has surprised Wilder (42-0-1, 41 KOs) by changing trainers, from Ben Davison to Javan Steward. Since then, however, the two have appeared to be nowhere near agreeing on a fight.
    Jasprit Bumrah Hilariously Trolls RCB Over Their New Logo

    Jasprit Bumrah Hilariously Trolls RCB Over Their New Logo

    While some fans obviously liked the new sleek logo, there were jokes aplenty; some of them brutal. Royal Challengers Bangalore recently announced a three-year partnership with Muthoot Fincorp Ltd.
    Natalie Portman responds to Rose McGowan calling her Oscars dress 'offensive'

    Natalie Portman responds to Rose McGowan calling her Oscars dress 'offensive'

    This year's Academy Awards ' best director category was male dominated for the 87th time in the ceremony's 92-year history. Natalie Portman has issued a statement in response to Rose McGowan's criticism of her Oscars dress as "deeply offensive".
  • Joseph Yobo Appointed Assistant Coach To Super Eagles

    Joseph Yobo Appointed Assistant Coach To Super Eagles

    He did a very good job with me. "But since the NFF have the right to take this decision, there is nothing I can do about it". The German gaffer said he was not informed of Yobo's appointment before it was made.
    British finance minister Sajid Javid quits in Cabinet reshuffle

    British finance minister Sajid Javid quits in Cabinet reshuffle

    Anne-Marie Trevelyan joins the cabinet as worldwide development secretary, having previously been a defence minister. The summit, known as the 26th Conference of the Parties, or COP26, is scheduled to be held in Glasgow in November.
    Britain will allow telecom watchdog agency to regulate internet content

    Britain will allow telecom watchdog agency to regulate internet content

    The policy, which will be developed in the coming months, would not place an undue burden on business, the government said. The UK Government is proposing that regulator, Ofcom, becomes an online harms regulator, overseeing social media firms.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.