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12/8/2022, 3:10 PM (Source: TeleTrader)
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Foxconn lifts 'closed-loop' system in China plant

Apple Inc. chip supplier Foxconn announced on Thursday that it will be ending strict isolation measures in its Zhengzhou factory which suffered under COVID-19 lockdowns.

The world's largest contract electronics maker took to its WeChat account to announce that it will be lifting its so-called "closed-loop" management curbs that saw the facility isolated from the rest of the world for 56 days, putting the global iPhone supply chain in jeopardy.

Earlier today, the Wall Street Journal reported that the company played a crucial role in influencing Beijing's decision to relax COVID-19 measures.

Baha Breaking News (BBN) / MX