Taiwan’s Foxconn warns of negative revenue impact from virus outbreak

Technology

FILE PHOTO: The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company’s building in Taipei, Taiwan March 30, 2018. REUTERS/Tyrone Siu

TAIPEI (Reuters) – Taiwan’s Foxconn on Thursday said a coronavirus outbreak will lead to lower full-year revenue and the company will “cautiously” resume output at its main factories in China that were shut because of the outbreak.

Foxconn said in a statement to the Taipei stock exchange that its factories in countries including Vietnam, India and Mexico continued to be operating at full capacity and expansion plans were underway.

Foxconn, the world’s largest contract electronics maker and formally called Hon Hai Precision Industry Co Ltd, is a supplier to Apple Inc and others.

Reporting By Yimou Lee and Twinnie Siu

Products You May Like

Articles You May Like

Prepare to study in Canada
Study permit: Who can apply
U.S. Tech Workers: Here Is How You Can Immigrate To And Find Jobs In Canada
Francophone Immigration Centre Opens In New Brunswick
British Columbia Expands BC PNP Tech Immigration Stream With Launch Of NOC 2021
Immigration Spikes In September With Canada On Course For Record Annual Numbers
Canada Spousal Sponsorship Immigration To Set New Annual Record

Leave a Reply

Your email address will not be published. Required fields are marked *