Foxconn, which makes iPhones, reportedly urged Chinese government to loosen COVID restrictions

Foxconn, which makes iPhones, reportedly urged Chinese government to loosen COVID restrictions

Foxconn urged looser COVID restrictions in China. The founder of Foxconn Technology Group (FXCOF) reportedly wrote a letter attempting to persuade the Chinese government to relax its zero-COVID policy, saying China’s position in the global supply chain was under threat, people familiar with the matter told The Wall Street Journal. Apple (AAPL) said last month that shipments of the iPhone 14 Pro and iPhone 14 Pro Max could be delayed because of COVID restrictions in China.