Apple supplier Foxconn resumes normal operations after Covid disruption

Apple supplier Foxconn resumes normal operations after Covid disruption


Foxconn, a major Apple supplier, has “basically” resumed normal operations in Shenzhen, China after an uptick in Covid cases in the area caused it to pause production last week, according to Reuters.

Foxconn said on Wednesday it had partially resumed production in Shenzhen by implementing a “closed loop” system with employees who live on the campus.

Though Foxconn produces some iPhones, iPads and Macs in Shenzhen, nearly half of iPhones are produced in a factory in Henan province, according to a Bank of America note last week. The analysts said at the time that the company could relocate production in the short term if the lockdown was not extensive.

Still, the initial pause came just days after Apple announced several new products and created concern that the shutdown could cause product shortages.

Foxconn did not immediately respond to CNBC’s request for comment.

Subscribe to CNBC on YouTube.

WATCH: What Apple’s largest manufacturer Foxconn does, and what it’s really up to in Wisconsin



Source

CNBC Daily Open: A murky past and uncertain future trouble traders
Technology

CNBC Daily Open: A murky past and uncertain future trouble traders

Traders work on the floor of the New York Stock Exchange (NYSE) on Nov. 13, 2025 in New York City. Spencer Platt | Getty Images U.S. markets had their worst day since Oct. 10. That marks a sharp reversal for the Dow Jones Industrial Average, which shed 1.65% to settle at 47,457.22, a day after […]

Read More
‘Vibe revenue’: AI companies admit they’re worried about a bubble
Technology

‘Vibe revenue’: AI companies admit they’re worried about a bubble

Eakarat Buanoi | Istock | Getty Images LISBON, Portugal — Top tech executives told CNBC they’re concerned about a bubble forming in the artificial intelligence sector, underscoring growing unease within the industry over soaring valuation. In recent weeks, markets have been reckoning with the notion that too much capital is pouring into the AI boom, […]

Read More
StubHub beats on revenue in first earnings report since IPO, but stock slides
Technology

StubHub beats on revenue in first earnings report since IPO, but stock slides

Ticket reseller StubHub signage on display at the New York Stock Exchange for the company’s IPO on Sept. 17, 2025. NYSE StubHub shares sank 5% in extended trading on Thursday after the company reported quarterly results for the first time since its initial public offering in September. Here’s how the ticket vendor did in comparison […]

Read More