Foxconn revises down Q4 outlook on Zhengzhou COVID woes
2022.11.06 18:21
© Reuters. FILE PHOTO: A woman carrying an umbrella walks past the logo of Foxconn outside a company’s building in Taipei, Taiwan October 31, 2022. REUTERS/Carlos Garcia Rawlins
TAIPEI (Reuters) – Taiwan’s Foxconn, the world’s largest contract electronics maker, said on Monday it was revising down its outlook for the fourth quarter due to COVID-19 control measures at a major factory in China’s Zhengzhou.
“The company’s visibility for the fourth quarter was originally ‘cautiously optimistic’, but due to the pandemic affecting some of our operations in Zhengzhou, the company will ‘revise down’ the outlook for the fourth quarter,” it said.
Foxconn, Apple Inc (NASDAQ:)’s biggest iPhone maker, is working with the government there to stamp out the pandemic and resume production to its full capacity as quickly as possible, it added.
