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Business Maverick: iPhone supply chain takes hit from Xi’s Covid-Zero enforcers

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With little warning, China locked down the world’s largest iPhone factory on Wednesday, declaring the zone around the Zhengzhou Foxconn Technology Group complex off-limits to combat a local Covid-19 outbreak. It’s the last thing Apple needed.

with an outcry over an on-site coronavirus outbreak, worker exodus and enforced quarantine. Local authorities said on Wednesday that they’ll sterilise Foxconn’s campus and the surrounding areas in the next three days and send N95 masks to workers, another sign of the government’s tightening grip.

It served up a stark reminder of the dangers for Apple of relying on a vast production machine centred on China in a time of unpredictable lockdowns and uncertain trade relations. The company’s shares fell 3.7% on Wednesday, dragged down in part by the latest

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Well to be fair that's similar to what the US did to HUAWEI a few years ago. The Chinese are masters of the 'Revenge is best served cold' phylosophy.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR

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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Business Maverick: How a Mysterious China Screenshot Spurred $450 Billion RallyNobody is quite sure who wrote it, when it was written or if it’s even true. But a screenshot of four paragraphs detailing a China reopening plan was enough for traders to scoop up stocks for two days running.
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »