Apple Supplier Foxconn Halts Operations In Shenzhen As COVID-19 Prompts China To Lock Down Tech Hub

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Apple Supplier Foxconn Halts Operations In Shenzhen As COVID-19 Prompts China To Lock Down Tech Hub
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Foxconn, one of Cupertino-based Apple's biggest suppliers, has suspended operations in Shenzhen as China locks down the technology hub and several other regions to contain the country's worst Covid-19 outbreak in two years.

The southern city of Shenzhen, which borders Hong Kong, is home to Chinese tech giants like Tencent and Huawei. It imposed a week-long lockdown starting Monday, after recording 66 positive cases Saturday.Foxconn said that the “date of factory resumption is to be advised by the local government.”

In Shenzhen, all businesses — apart from those deemed essential or engaged in supplying Hong Kong — have suspended operation or have implemented work-from-home policies.Public transportation, including subways and buses, have been suspended in the city, which has a population of 17.5 million. Shares of major companies based in Shenzhen fared poorly in Hong Kong on Monday. Tencent sank 9.8%. Telecoms firm ZTE

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