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.
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Regulators in Taiwan are coming under increasing pressure from MPs who want to ban crypto. MPs in the country have been calling for tighter crypto regulations for some time however, there is currently no official body in the country that has policing power over the sale and purchase of crypto assets.