Foxconn predicts more stable supply chain in the second half of 2022

File pic - REUTERS/Stringer/Files

TAIPEI: Taiwan's Foxconn, the world's largest contract electronics maker, said on Tuesday that the second half of the year is heading "in a better direction" as Shanghai's COVID-19 lockdown appears to be easing.

"We are quite confident in the stability of our supply chain for the second half of this year," Foxconn chairman Liu Young-way told the company's annual shareholder meeting.