Foxconn denies information about reopening of factories

Reuters said yesterday that Foxconn will cut production capacity in China by at least half by the end of February. Adding that at the end of March, the company aimed to reach 80% of its production capacity. The two reports turned out to be wrong.

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<p>A few hours ago, Foxconn has neither planned to resume at least 50% of its manufacturing activities in China by the end of February: <em> The information published by Reuters is not true and at the moment we have no news about it. </em></p><div class='code-block code-block-3' style='margin: 8px auto; text-align: center; display: block; clear: both;'>
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Apple’s largest supplier, therefore, reports that there is currently no concrete news regarding the resumption of business in China. It all depends on the evolution of the Coronavirus and government decisions.

Foxconn did not provide further details or information on the possible timing of a partial resumption of operations. Also for these reasons, the company plans to increase production in its factories in India. Its goal is to at least produce the most pressing devices for Apple and other customers.