Foxconn predicts more stable supply chain in the second half of 2022

2022.05.31 05:36

FILE PHOTO: People wear masks to protect themselves from coronavirus disease (COVID-19), while listening to the annual general meeting at the lobby of Foxconn’s office in Taipei, Taiwan, June 23, 2020. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) – Apple (NASDAQ:AAPL) supplier Foxconn said on Tuesday that the second half of the year is “developing in a better direction” as Shanghai’s COVID-19 lockdowns appear to be easing.

“We are quite confident in the stability of our supply chain for the second half of this year,” Foxconn Chairman Liu Young-way told the company’s annual shareholder meeting.

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