iPhones will display China’s back-to-work power, writes mak_robyn:
Taiwan's Foxconn has received Chinese government approval to resume production at a key plant in the country, Reuters reported on Feb. 10, citing a source with direct knowledge of the situation. About 16,000, under 10% of Foxconn’s workforce in the city of Zhengzhou, have returned to the factory, the source added.
But the company, which makes smartphones Apple and other brands, is still in talks with the government to resume production at another plant in the southern Chinese city of Shenzhen, the source added. Workers across China began trickling back to offices and factories on Feb. 10 as the government eased some restrictions on work and travel in the wake of the coronavirus epidemic that has now killed more than 900 people, mostly on the mainland.
Shares of the Taipei-listed Foxconn, formally known as Hon Hai Precision, were down 0.5% to T$82.50 by mid-morning on Feb. 10.
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Breakingviews - iPhones will display China's back-to-work powerOn Breakingviews – iPhones will display China’s back-to-work power, writes mak_robyn:
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