Foxconn chairman says expects 'limited impact' from chip shortage on clients


Foxconn Chairman Liu Young-way reacts after an investor conference at the company's office building in Taipei, Taiwan November 12, 2020. REUTERS/Ann Wang/File Photo

TAIPEI (Reuters) - The chairman of Apple Inc supplier Foxconn said on Saturday he expects his company and its clients will face only "limited impact" from a chip shortage that has rattled the global automotive and semiconductor industries.

"Since most of the customers we serve are large customers, they all have proper precautionary planning," said Liu Young-way, chairman of the manufacturing conglomerate formally known as Hon Hai Precision Industry Co Ltd

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

TikTok has submitted risk assessment report on TikTok Lite to EU
Apple announces event on May 7 amid reports of new iPad model launches
Walmart-backed fintech One launches 'buy now, pay later' loans, CNBC reports
Coca-Cola signs $1.1 billion deal to use Microsoft cloud, AI services
Google invests $640 million in new data centre in Netherlands
NatWest CEO sees 'material opportunities' in AI
Amazon launches low-cost grocery delivery subscription plan in US
Trump poised to clinch $1.3 billion social media company stock award
Spotify profits up, but lower marketing hits user growth
Adobe to bring full AI image generation to Photoshop this year

Others Also Read