William Gallagher
Apple's major iPhone supplier Foxconn says that it is getting production back to normal following COVID lockdown and workers rioting.
Following China's severe COVID lockdown measures, and then rioting by some workers while others fled the Zhengzhou factory, Foxconn has issued a statement about its production.
According to Reuters, Foxconn's official statement says that revenue fell 11.4% year over year during November, because of the issues. The company does not itself specify any details about when full capacity will resume
"At present, the overall epidemic situation has been brought under control with November being the most affected period," said the statement. It adds that Foxconn is gradually "restoring production capacity to normal."
Separately, an unspecified source said to have direct knowledge of the situation, gave Reuters more details. "The capacity is now being gradually resumed," said the source, adding that with new recruitment underway, full production is expected around late December or early January.
"If the recruitment goes smoothly, it could take around three to four weeks to resume full production," continued the source. Despite reporting some "fears" that workers have about Foxconn's conditions, the source said that, "we are firing on all cylinders on the recruitment."
A second source said that "the situation has stabilized," and that "the local government is actively helping with the resumption."
Previously, it's been reported that the lockdown and riots would severely reduce Foxconn's revenues. Foxconn's official statement said only that the forthcoming Q4 growth was expected to be "roughly in line with market consensus."
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7 Comments
My opinion of Tim Cook was changed in an instant when I watched a segment on Fox News. He was walking down a corridor, probably in Washington, with other people and the reporter was asking simple but stinging questions. Yes, for all you libs, it was a Fox reporter but the questions were legit.
https://www.foxnews.com/video/6316494091112
What a fucking coward. He kept walking, saying nothing, trying to hide behind another person. It was a sight to see. Douchebag doesn’t begin to describe him. He’s stuck suckling at Xi Jinping’s nipple and he knows it. He must tow the party line or else. So it turns out all of Cook’s virtue signaling about human rights, privacy, security, freedom, project red, all of it, is bullshit when the rubber hits the road and profits are involved. And don't give me this crap abut following the laws of the country involved. He could have answered those questions. He could have said he supported the protesters but he stared straight ahead because he didn’t want to upset his dictator.
The best most effective CEO in the world doesn’t need to waste time to talking to Fox idiot network (includes Sky), Apple is effective behind the scenes where they should be, Elon the dumb had to go to Apple or else.
Apple will do what they do best think long term, execute and disrupt their competition.
The bigger problem is Southeast Asia not Taiwan, it is the Brahmaputra and Mekong river’s being dammed up by China at the headwaters with 31 dams.
https://en.wikipedia.org/wiki/List_of_dams_on_the_Brahmaputra_River
www.nationalgeographic.com/...
www.aseantoday.com/...
The Mekong will soon not even make it to the South China Sea and half the Ganges won’t even get to the Bay of Bengal.
That Chinese dam infrastructure, more than half of it is already built, the Chinese Thorium reactor is built and is being tested now, the Indians are still talking about theirs and Oak Ridge is on life support in the USA.
So the workers that left the factory are doing what? Are they becoming accountants now?
when they left the factory, they went home and still got locked down. I am willing to bet most of them are running back to Foxconn now