Apple Inc. (NASDAQ:AAPL), HON HAI PREC INDS RE (HNHPF) - iPhone 12 Production Sees Over 50% Slump At Apple Supplier Foxconn's Factory In India With COVID-19
Nokia Corporation (NYSE: NOK), Samsung Lenovo Group Limited (OTC: LNVGY) subsidiary Motorola, among others. Taiwan-based Foxconn has enforced a no-entry ban at the factory until late May after more than 100 workers at the factory tested positive for COVID-19, according to the Reuters report. The factory provides dormitory accommodation for employees. Taiwan News had previously reported that after 10 Chinese engineers were found to be infected with COVID-19, the Foxconn factory was disinfected and continued to operate without completely shutting down. Why It Matters: Apple’s supply chain ha...
Source: benzinga.com