The lost production prompted Hon Hai to slash its revenue growth forecast for this year. “Given current market conditions, we are lowering to between 1 percent and 3 percent,” Liu said, when asked whether Hon Hai would cut its sales growth forecast for this year. The factory halt is set to hit Hon Hai’s profit for this year, but it was still evaluating the likely impact, the person said. Hon Hai, the world’s largest contract electronics manufacturer, is making plans to ensure the health and safety of its hundreds of thousands of workers, including scanning a QR code on employees’ mobile phones for health screening. Hon Hai’s factories are dependent to a great extent on migrant workers from poorer regions.

Source: Taipei Times February 05, 2020 15:56 UTC