IPhone Assembler Halts Plants as China’s Covid Battle Hits Tech Supply
(Bloomberg) — IPhone assembler Pegatron Corp. suspended production at its Chinese plants in Shanghai and Kunshan as the country’s policies to control the worst virus outbreak in two years disrupt global supply chains.
Resumption of output at the sites will depend on notifications from the government, Pegatron said Tuesday in an exchange filing. The company is continuing to assess the suspension’s impact on its finances.
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