Posted on 03/14/2022 3:09:41 PM PDT by algore
Chinese tech manufacturer Foxconn has halted production of Apple products at its factory in Shenzhen, after 17 million people were put in a new covid lockdown.
Restrictions on movement were spread across Shanghai and other major cities to combat an outbreak challenging the nation's zero-tolerance Covid strategy.
Shenzhen, a major technology hub, imposed its measures on Sunday, to counter an Omicron outbreak in factories and neighbourhoods linked to nearby Hong Kong, which is recording scores of daily deaths due to the virus running rampant.
Foxconn, based in the tech hub, suspended all operations as the restrictions mean all non-essential businesses are no longer allowed to operate.
This will have an impact on global electronic production, potentially leading to shortages, as 90 percent of the world's electronics are produced in the city.
Daniel Ives, Senior Equity Analyst at Wedbush Securities, told DailyMail.com: 'This factory is a main source of Apple iPhone assembly and will cause Foxconn to scramble over the next week across its China supply chain to meet growing demand.
'If this lasts more than a week it will take off 1% of iPhone production every week at a time the supply chain is already under hurricane like headwinds.'
Foxconn says it has other backup plants it can move production to, reducing the impact on Apple's supply chain. Apple has not commented on the shutdown.
Shenzhen is one of ten cities throughout China to have locked down all residents, and health officials have warned tighter restrictions could be on their way.
This is due to mounting concerns over the resilience of China's 'zero-Covid' approach to tackling the pandemic against the highly-transmissible Omicron variant.
Authorities reported 2,300 new virus cases nationwide on Monday and almost 3,400 a day earlier, the highest daily figure in two years.
(Excerpt) Read more at dailymail.co.uk ...
Good. This can be a precursor to China shutting off the US market and if so, I appreciate their help in forcing American industry to make things again.
Got mine in time, thankfully :)
Smoke from the rematoriums blotting out the sky again?
Wow! I thought it was illegal to actually MAKE things in America anymore.
But it's NOT?
HOT DANG! We could actually make some money! Woooo Hoooo!!!
/s
I was following things when the covids started up in China and figured it would be coming our way.
History going to repeat, esp. with Dems running things now - or will they be too afraid to try it as we near the next elections.
Shenzhen is right on the border with Hong Kong.
China was part and parcel in helping nazi pelosi get rid of the p***y grabber and his mean tweets.
At least 6 of our states got caught, but the machine was too powerful to overthrow the theft.
Now we have to wait until November to dump the blue shit into the toilet and raise a glorious, patriotic RED white and blue banner for the world to see.
All we have to do is bite some bullets, manufacture on our own dime (Y'listenin', million/billionaires ?) ... and truly stick it to the commiecrats.
If China us shut down for deliveries, we are not the only ones affected.
We ARE however, quite capable of ramping up our manufacturing processes where we can justifiably renege on any "contracts" we may have with other nations . . . and begin to really kick ass !
Thirty or more years ago, I recall telling one of my buddies (who was totally enthralled by the Chinese), that we would come to regret Nixon’s “opening up China.”
Nixon and his entourage hoped (now proven to be futile) that the Chinese, wanting to participate in the joys of the FRee market and capitalism, would abandon Communism.
OOOOOOOPPPPPPSSSSS!
People are still allowed to die in Hong Kong, but not in Mainland China. Official death toll still 5,000 for the whole pandemic, last I saw.
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