Foxconn China to remain closed due to Coronavirus
The current world’s largest provider of electronics manufacturing services and the fourth-largest information technology company by revenue Taiwanese multinational electronics contract manufacturing company with its headquarters in Tucheng, New Taipei, Taiwan has been affected by the coronavirus outbreak in China’s Hubei province and is forcing the company to keep its factories shut until February 10 according to new reports. This could potentially have heavy consequences for the contract manufacturer’s biggest client Apple and its upcoming iPhone lineup. Apple is already expecting a 10% drop in iPhone shipments and has closed off its stores and offices in China until February 9.
Last week, Foxconn issued an official statement in which it believes iPhone shipments won’t be slowed down and has taken up measures to continue meeting its manufacturing obligations. These include shifting production to factories in Vietnam, India and Mexico to fill the gap. In addition, Foxconn is planning to issue overtime shifts after the ban is lifted in order to make up for the current delays.
Wuhan, China coronavirus outbreak
The 2019–20 Wuhan coronavirus outbreak is an ongoing viral epidemic primarily affecting Mainland China, along with isolated cases in 27 other countries and territories. In early December 2019 a new coronavirus, designated 2019-nCoV, was identified in Wuhan, the capital of China’s Hubei province, after 41 people developed pneumonia without a clear cause. The virus is capable of spreading from person to person. The incubation period of the virus (time from exposure to onset of symptoms) ranges from 2 to 14 days, but it may be contagious during this period and after recovery. Symptoms include fever, coughing and breathing difficulties, and the virus can be fatal.
As of 5 February 2020, 24,588 cases have been confirmed, including in every province-level division of China. A larger number of people may have been infected, but not detected (especially mild cases). The first local transmission of the virus outside China occurred in Vietnam between family members, while the first local transmission not involving family occurred in Germany, on 22 January, when a German man contracted the disease from a Chinese business visitor at a meeting. As of 5 February 2020, 493 deaths have been attributed to the virus since the first confirmed death on 9 January, with 990 recoveries. The first death outside China was reported in the Philippines, in a 44-year-old Chinese male on 1 February. Read more…