Foxconn Says Production Resumption Reports Are False

Foxconn Says Production Resumption Reports Are False

Taiwan’s Foxconn stated Thursday that recent reports on its plant resumption plans in China were not factual.Foxconn Says Production Resumption Reports Are False

Foxconn commented in a statement to the Taipei stock trade, without elaborating on its production standing.

The world’s biggest contract electronics manufacturer, formally Hon Hai Precision Industry, is a supplier to tech titan Apple and others.

It was among many companies that shuttered their mainland China manufacturing units as a result of the coronavirus outbreak and subsequently delayed resuming production.

When asked to make clear which facets of the reports Foxconn was referring to, company spokesperson Jimmy Huang said on Thursday that all elaborations had been made in the assertion to the stock exchange.

Monday’s report stated Foxconn got the green light to reopen two major manufacturing units in China closed because of the coronavirus, citing a person with direct knowledge of the matter.

Wednesday’s report read Foxconn hopes to resume half of its production in China by month-end, quoting a person who has direct information on internal targets set by Chairman Liu Young-Way.

Foxconn had previously stated the corporate doesn’t comment on particular production initiatives as a result of commercial sensitivity.

It stated its teams in China had been working closely with the respective local authorities to implement their post-holiday production programs.

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