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

📆 2022/11/03 12:15:00
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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

Write Comment

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.

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