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Sharp’s parent to lose its biggest customer?

Foxconn, aka Hon Hai Precision of Taiwan, is parent of Sharp

  • Foxconn’s largest customer, Apple Inc., is reportedly looking to move a substantial amount of its business from Foxconn to Luxshare Precision of Taiwan
  • This would mean Foxconn would lose its monopoly on assembling Apple iPhone Pro models
  • is apparently the result of the manufacturing disruption caused by Zero Covid policies enforced by Chinese government on Foxconn’s huge plant in Zhengzhou, China
  • Foxconn’s shared declined 22% after the news broke

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