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Taiwan says four Foxconn employees detained in China
  + stars: | 2024-10-10 | by ( ) edition.cnn.com   time to read: +1 min
Taipei, Taiwan Reuters —Four employees of Taiwan’s Foxconn, the world’s largest iPhone assembler, have been detained in China under “quite strange” circumstances, Taiwan’s government said. The council said Foxconn had stated the company had “suffered no losses and that the four employees had done nothing to harm the company’s interests.”“This has seriously damaged the confidence of companies. Calls to China’s Taiwan Affairs Office seeking comment outside of office hours went unanswered. In June, Taiwan’s government raised its travel warning for China, telling its citizens not to go unless absolutely necessary, following a threat from Beijing to execute those deemed “diehard” Taiwan independence supporters. China claims democratically governed Taiwan as its own territory, over the strong objections of the government in Taipei.
Persons: Taiwan’s Foxconn, Taiwan’s, , Foxconn, Organizations: Taiwan Reuters —, Mainland Affairs Council, Reuters, Taiwan Affairs Office Locations: Taipei, Taiwan, China, China’s Zhengzhou, Henan, Beijing
Hong Kong CNN Business —The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory, has lifted a five-day Covid lockdown, in a move that analysts have called a much-needed relief for Apple and its main supplier Foxconn. Zhengzhou is the site of “iPhone City,” a sprawling manufacturing campus owned by Taiwanese contract manufacturer Foxconn that normally houses about 200,000 workers churning out products for Apple (AAPL), including the iPhone 14 Pro and 14 Pro Max. The troubles started in October when workers left the campus in Zhengzhou, the capital of the central province of Henan, due to Covid-related fears. Total iPhone 14 Pro and 14 Pro Max shipments in the current quarter would be 15 million to 20 million units less than previously anticipated, according to Kuo. Due to the high price of the iPhone 14 Pro series, Apple’s overall iPhone revenue in the current holiday quarter could be 20% to 30% lower than investors’ expectations, he added.
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