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

The S&P 500 and Nasdaq kept their record rallies going. Here are 3 key takeaways
Technology

The S&P 500 and Nasdaq kept their record rallies going. Here are 3 key takeaways

Yet another record week for stocks. Strong first-quarter earnings and a war-driven spike in oil made for another historic week on Wall Street. Investors also made sense of a spate of economic data and the Federal Reserve’s latest interest rate decision. The S & P 500 and Nasdaq Composite gained 0.9% and 1.1%, respectively, over […]

Read More
Musk testimony dominated first week Musk v. Altman. ‘You can’t just steal a charity’
Technology

Musk testimony dominated first week Musk v. Altman. ‘You can’t just steal a charity’

Elon Musk arrives to court at the Ronald V. Dellums Federal Building on April 30, 2026 in Oakland, California. Benjamin Fanjoy | Getty Images A week into the Musk v. Altman trial, which features two towering figures in the tech industry facing off in a case that could have major implications for OpenAI, the plaintiff […]

Read More
Jim Cramer says the market powered through a tough earnings week but ‘that doesn’t mean we’re out of the woods yet’
Technology

Jim Cramer says the market powered through a tough earnings week but ‘that doesn’t mean we’re out of the woods yet’

CNBC’s Jim Cramer said the market just powered through the toughest week of earnings “with flying colors,” but warned that next week could be even more treacherous. “All the big techs did well … Everything connected with the data center went bonkers,” the “Mad Money” host said. However, he cautioned against complacency. “That doesn’t mean […]

Read More