Apple supplier Foxconn said it expects its China-based production capacity to return to normal seasonal levels by the end of this month, as it steps up efforts to resume operations following the disruption due to the coronavirus.
In a call with investors on Tuesday, chairman Liu Young-way said that more than 50 per cent of the staff normally working at this time of year had returned to work.
The update comes as the world’s largest contract electronics manufacturer is pushing to bring production lines back into full service after local authorities in many parts of China have refocused from restricting movement to limiting economic damage.
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