Sharp’s parent struggles to produce iPhones

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Sharp’s parent struggles to produce iPhones

Foxconn, aka Hon Hai Precision, and owner of Sharp, is main assembler of Apple iPhones

Its plant in Zhengzhou, which employs 200,000 people in China, has been rocked by employee discontent, according to report from Reuters News
Caused by stringent measures enforced by Chinese government to stop spread of COVID-19
Workers have been seen fleeing the plant
The company is denying reports that 20,000 workers had been put in COVID quarantine
Production of iPhones could plummet as much as 30% as a result
Company now offering up to 400 yuan ($55) per day bonus to retain workers
45% of Foxconn’s total revenue is from the Apple iPhone contract

11/10/229:17 PM

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Sharp’s parent struggles to produce iPhones

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