Several Taiwanese manufacturers in Kunshan, China, said that they would keep their factories closed at least until today, as city health authorities have extended a lockdown due to a rise in COVID-19 cases.
Many Taiwanese manufacturers of printed circuit boards (PCBs) and other components for consumer electronics, automobiles and other products have subsidiaries in Kunshan, which borders Shanghai, where the number of COVID-19 cases has surged in the past few weeks.
Unimicron Technology Corp (欣興電子), one of the leading PCB suppliers in Taiwan, on Wednesday said that it was waiting to see if Kunshan authorities would give new lockdown orders before it
Taipei, April 6 (CNA) Several Taiwanese manufacturers in the Chinese city of Kunshan have decided to remain closed for at least another two days, as health authorities there have extended a citywide lockdown due to an increase in COVID-19 cases.
Tesla Inc’s factory shutdown has stretched out to at least 12 days, much-needed semiconductors are piling up at manufacturers amid a shortage of truck drivers and bankers are camping in their offices as Shanghai’s COVID-19 lockdown disrupts businesses in the city.
The lockdowns and virus containment measures threaten to slow the nation’s economic growth this year to below the Chinese government’s 5.5 percent target, Bloomberg Economics said.
They also risk further havoc on already stressed global supply chains, with companies from chip giant Semiconductor Manufacturing International Corp (SMIC, 中芯國際) to a South Korean noodle maker caught up in the fallout.
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