In an official statement at its annual shareholder meeting, Foxconn confirmed that it expects stability in supply chains to improve in the second half of 2022. Foxconn chairman Young Liu said the company is “confident in the stability of its supply chain. procurement for the second half of this year “. The recent wave of COVID across China has disrupted the supply and demand for all major electronic products, including smartphones, tablets and PCs.
Foxconn, the world’s largest electronics manufacturer, has been severely affected by the long Shanghai COVID-19 blockades. The local government has ensured that residents in “low-risk” areas will be able to return to work from Tuesday. In addition to producing contract manufacturing of electronic products, Foxconn is also looking to enter the electric vehicle (EV) market with its Foxtron line of cars.
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