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