Chairman Liu Young-way told Foxconn’s annual general meeting that looking ahead, India was a bright spot for development even though there was a “certain impact” at present due to the virus. Foxconn already makes smartphones in India for Apple Inc and Xiaomi Corp, though in March said it suspended production due to the novel coronavirus outbreak. Chairman Liu Young-way told Foxconn’s annual general meeting that looking ahead, India was a bright spot for development even though there was a “certain impact” at present due to the virus. He said there were no infections at its China plants so it was able to resume operations earlier than it expected. Foxconn is seeking to make up virus-related losses at its China plants with “resources” from customers and local governments.

Source: The Telegraph June 23, 2020 20:15 UTC