iPhone Maker Halts Plants as China Covid Battle Hits Tech Supply
- Pegatron joins Foxconn, which previously suspended output
- Lockdowns disrupting logistics of electronics parts in China
Phones at an Apple store in New York.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
IPhone assembler Pegatron Corp. suspended production at its Chinese plants in Shanghai and Kunshan as the country’s policies to control the worst virus outbreak in two years disrupt global supply chains.
Resumption of output at the sites will depend on notifications from the government, Pegatron said in an exchange filing Tuesday. The company is continuing to assess the suspension’s impact on its finances.