IPhone assembler Pegatron Corp (和碩) has suspended production at its Chinese plants in Shanghai and Kunshan, China, as the country’s policies to control the worst COVID-19 outbreak in two years disrupt global supply chains.
Resumption of output at the sites would depend on notifications from the Chinese government, Pegatron said in an exchange filing yesterday.
The company is continuing to assess the suspension’s impact on its finances.
The company makes iPhones in Shanghai and nearby Kunshan, both under lockdowns as China pursues its “zero COVID-19” strategy.
Pegatron had been able to keep production humming thus far as local governments allowed some manufacturers to
Taipei, April 11 (CNA) A total of 161 Taiwanese companies have had to suspend production amid ongoing COVID-19 lockdowns in the Chinese cities of Shanghai and Kunshan, Taiwan's Financial Supervisory Commission (FSC) said Monday.
Sovereign wealth funds have stepped up their private market investments after the coronavirus crisis, but with valuations still high despite a shaky economic backdrop there are questions about the prospects for future returns.
While funds have increased the portion of their outlay in public equities in 2020, private markets still account for the largest chunk of overall investment at $55.5 billion year to date, up from $35 billion last year after a pick-up in deals in the second half, according to the London-based International Forum of Sovereign Wealth Funds.
Current asset prices are still very high despite uncertain economic conditions, raising questions of whether 2020-21 deals will be a good vintage, said Will Jackson-Moore, global private equity, real assets and sovereign funds leader at consultancy PwC.