Apple iPhone maker Foxconn approved to resume China plant production: source
Plant's reopening after Lunar New Year holiday had been delayed due to coronavirus
White House trade adviser Peter Navarro discusses how the coronavirus will impact American markets and whether the Chinese government is tracking American citizens.
TAIPEI (Reuters) - Apple iPhone maker Foxconn has received Chinese government approval to resume production at a key plant in the southern city of Shenzhen, a source with direct knowledge of the situation told Reuters late on Monday.
The plant's reopening after the Lunar New Year holiday had been delayed due to the spread of the coronavirus in China. About 20,000 people, or roughly 10% of Foxconn's workforce in Shenzhen, had returned to the plant as of Monday, the source said, adding that the company told some of its employees there late on Monday to return to work the next day.
CORONAVIRUS CAUSING APPLE SUPPLY CHAIN DISRUPTIONS
Foxconn, formally Hon Hai Precision Industry Co Ltd, makes smartphones for global vendors including Apple.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 229.54 | +3.77 | +1.67% |
Reuters was not able to immediately reach Foxconn for comment.
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(Reporting by Yimou Lee; Editing by Susan Fenton)