Nikkei: China Blocks Foxconn Plan to Restart Plants Due to Coronavirus

Whoa, France. Take it easy. Wow. You're out of control. Fining Apple 55 minutes of revenue for secretly slowing down iPhones? Maniaques!

(MENAFN - Baystreet.ca) Apple's (NASDAQ:AAPL) biggest iPhone maker Foxconn has resumed production at a key plant in China after being forced to shut it following the coronavirus outbreak.

While the restart of production is positive, only 10% of the factory's workforce has managed to return, according to Foxconn. This includes ensuring that all factory workers wear masks, go through temperature checks, and more.

Taiwan's Foxconn was not allowed to resume production at its factory in Shenzhen, south China, which was closed due to the outbreak of the corona virus, on Monday.

As far as Foxconn is concerned, the held up the resumption of work is likely to negatively impact shipments to consumers such as Apple, while having a major impact on the global technology supply chain, a source with access to the matter told Reuters.

January Jobs Report: U.S. Economy Starts 2020 With 225,000 New Jobs
The gain in jobs for the month came as the number of full-time jobs rose by 35,700, while part-time employment fell by 1,200. Initial jobless claims declined by 15,000 to 202,000 in the week ending February 1, the U.S.

One market research firm, TrendForce, said it was slashing its forecast on iPhone production in the first quarter by 10 percent, or 4.5 million units. The company's Shenzhen plant remains closed and it is not yet known when full operations would resume at either location.

Its Shenzhen plant, which is responsible for developing Apple's new iPhone models, which are expected to be launched in the second half of the year, is set to resume about 30 to 50 percent of production in a week's time given the circumstances, TF International Securities Group Co (天風國際證券) analyst Kuo Ming-chi (郭明錤) said in a report on Sunday. We need to improve our anti-virus measures for further screening, "said the person who refused to be identified because they were not authorized to speak publicly on the subject (...)". After reviewing the factories, Chinese health authorities have informed Foxconn that there are high risks of coronavirus infection and therefore are not suitable to restart work.

Foxconn, which makes devices for global electronics firms, has also built production lines in the southern province of Guangdong to make face masks for its hundreds of thousands of employees and is aiming to churn out 2 million masks a day by late February, the internal memos showed. Foxconn has fallen more than 11 percent since the market reopened after the holiday break.

Related News:



Most liked

Birds of Prey being renamed after box office woes
The rest of the film is exclusively just about Harley Quinn which may disappoint some that like the other comic book characters. Sony's Jumanji: The Next Level held strong at #5 with $5.5 million for a $298.4 million domestic take just shy of $300 million.

LeBron James chimes in on Gayle King-Lisa Leslie controversy
Gayle's BFF, Oprah Winfrey , was one of the first to defend her. There will be intense discussion about that". Oprah Winfrey is now coming to her aid.

Voting in Irelands general election begins; PM Varadkar aims for new term
Fianna Fail topped the opinion polls early in the campaign and leader Micheal Martin could yet emerge as Ireland's next Taoiseach. On Friday, Martin said Sinn Fein, which was once led by Gerry Adams, "have not cleaned themselves from their bloody past".

Voting registration deadline approaches for Virginia Democratic Presidential Primary
Vote-by-Mail ballots were also mailed to overseas voters and members of the armed forces who are serving outside of Leon County. People can simultaneously register to vote and cast a ballot at an early in-person voting site in the county where they live.

U.S. to Screen Airline Passengers from China for New Illness
The Department of Health (DOH) is now observing the condition of a Chinese boy in Cebu City after showing symptoms of coronavirus. Most cases have been linked to the Wuhan South China Seafood City, suggesting a possible zoonotic origin to the outbreak.

Not a break, but fissures in US-Iraqi military alliance
An Iraqi army soldier stands guard near a US -made Iraqi Air Force F-16 fighter jet at the Balad Air Base, Iraq Feburary 13, 2018. However, the USA worries about Iranian influence in Iraq and would like to stay to counteract that influence as much as possible.

Court dismisses court challenge to Trans Mountain pipeline
Pipeline construction is underway in Alberta, as well as at the Edmonton and Burnaby terminals, and the Westridge Marine Terminal. Ottawa bought the pipeline in 2018 to ensure expansion proceeded, offering a lifeline to Alberta's struggling oil patch.

US deploys 'more survivable' submarine-launched low-yield nuclear weapon
In fact, Moscow possesses a stockpile of up to 2,000 active NSNWs that it can employ using ships, planes, and ground forces. A new type of low-yield #Nuclear missile has joined the US #Military undersea arsenal, the @DeptofDefense confirmed.

United Kingdom to ban sale of new gas, diesel and hybrid cars
The Government says it will continue to work with all sectors of industry to accelerate the rollout of zero emission vehicles. The organisation went on to say the existing 2040 target was already "extremely challenging" for auto manufacturers.

MP: Why I wore THAT off-the-shoulder dress
Brabin further explained the news website how her off-shoulder dress had slightly slipped as she leant forward to speak. She later bagged the role of Tricia Armstrong in Coronation Street in 1994 where she stayed until 1997.

Lionel Messi tells Eric Abidal to 'give names' when criticising Barcelona players
Barca's next outing is set to see them take in a trip to Bilbao to face Athletic in the quarter-finals of the Copa del Rey . We want a strong team with a good everyday feeling and above all we want to win titles.

At Least 138 People Sent from United States to El Salvador Were Killed
The organisation also confirmed at least 70 cases of sexual assault or other violence following their arrival in the country. The Department of Homeland Security says it's trying to make the process more efficient and crack down on fraudulent claims.

Senator Lisa Murkowski says she'll vote to acquit Donald Trump
He said that during the trial the President's lawyers did "nothing to rebut the facts in this case ... because they could not". The Senate is to vote at 4:00 pm (2100 GMT) on Wednesday and the Republican president is all but certain of being acquitted.

EU, France insist on fishing rights in post-Brexit talks with UK
Liz Truss was in characteristically tub-thumping form as she revealed plans for Britain's autonomous new trade policy post-Brexit. Many people are already exploring how to buy Bitcoin to hedge in the volatility in traditional assets.

China accuses United States of spreading fear with coronavirus response
The amount represents approximately 5 percent of tourism-generated participation in Italy's gross domestic product. Australia evacuated 243 people from Wuhan on Monday and will quarantine them on a remote island.