Despite a shortage of semiconductors suppressing smartphone production and demand after the boom during the epidemic, Apple maker Foxconn predicts a 3% decline in revenue for the year, perhaps dip the first annual sales in six years. Separately, the Taiwanese company, which had suspended production in China earlier this week to comply with government restrictions, said it had resumed production and some operations at its Shenzhen campus after satisfying workers’ demands for workers. to move and work in the bubble.
Delays from Foxconn – the world’s largest contract electronics manufacturer – and other companies including Toyota Moto Japan have raised concerns about how global supply chains could affect how China trades with its huge growth in COVID-19 launches from early 2020. Chairman Liu Young- said on a post-day asset call on Thursday that Foxconn will have the best information on supply chain uncertainty in the second half of the year.
He said high-income earnings in 2021, increased by the demand for electricity in the wake of the pandemic, would lead to a “stable” trade this year due to a high base last year. “The pandemic is unbearable, high inflation and global politics are in crisis – all of which complicate supply and demand and lead to great uncertainty for us,” Liu said, calling 2022 a “very challenging year”.
However, Liu said he was “cautiously cautious” about the 2022 company’s sales outlook, citing steady growth from sectors including 5G smartphones and cloud products. He had previously warned that he expects the crisis to reach the second half of 2022. Liu said on Wednesday that Foxconn expects limited effects from the war in Ukraine, quoting the Taiwanese government which said any impact on supply chains the island will be small because Russia and Ukraine are not the main import sources of raw materials such as nickel and neon.