The city of Shenzhen, China, has been placed under a city-wide lock-down due to a lack of essential services, and residents are advised not to leave their home unless for essential activities only.
As reported by Nikkei Asia.
Shenzhen is home to major tech companies such as Huawei, Oppo and TCL, and is also one of the biggest manufacturing hubs for Taiwan's Foxconn, supplying clients from Apple to Google to Amazon. The semi-lockdown comes as the global supply chain is still struggling with an ongoing chip shortage, as well as disruptions from the war in Ukraine.
Foxconn, the world's biggest contract electronics manufacturer, said in a statement on Monday that it would suspend production at its Longhua and Guanlan factories in Shenzhen until further notice from the local government. It has activated plans to use facilities in other cities to support production.
It's not clear what Apple's devices are produced at the two Shenzhen plants, but it's clear that they are the largest maker of the iPhone. A crippled global supply chain is impacting Apple's business.
Apple said the chip shortage cost it $6 billion in the last quarter of 2021, with bullish views on the impact the shortage will have in the coming quarters. Next week, Apple will launch a number of new products, including the all-new Mac Studio, the all-new iPad Air, and the new colors of the iPhone 13 and 13 Pro.
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