iPhone assembler Hon Hai sees ‘unprecedented’ first quarter

Manufacturers around the world are racing to build up inventory out of the fear that outbreaks of the Omicron variant and other uncertainties could further disrupt their supply chain.

TAIWAN: Key iPhone assembler Hon Hai Precision Industry Co may achieve an “unprecedented” performance in the first quarter, according to chairman Young Liu.

Shares in Hon Hai, the world’s largest contract manufacturer of electronics for global brands from Nintendo Co to Apple Inc, climbed as much as 1.5% in Taipei.