INSUBCONTINENT EXCLUSIVE:
shut due to the coronavirus outbreak.The world's largest contract electronics maker produces most of its goods in China as that is where
many of its suppliers are located as well.Foxconn, which is based in Taiwan, assembles Apple's iPhones as well as the devices of many
popular electronics brands
Back in February, the company suffered its biggest monthly drop in revenue in seven years as the coronavirus outbreak brought its business
He also said that supplies to the company's factories in China and Vietnam had both returned to normal.Although Foxconn's factories have
resumed production, Gou warned that weak consumer demand as a result of the coronavirus could be a problem going forward, especially in the
electronics supply chain in Japan and South Korea, which are both also dealing with the outbreak
He cited rising prices for DRAM memory and supply issues with display panels as potential problems.Foxconn recently warned that revenue
would see a 15 percent drop in the first quarter though it would recover afterwards as production returns to normal across China.Via Reuters
