Staff writer, with CNAThe nation’s electronics sector could face disruptions in raw material supplies as early as next month due to the COVID-19 outbreak in China, the Taipei-based Chinese National Federation of Industries (CNFI, 全國工業總會) said on Saturday. The CNFI said that the electronics sector has been severely affected by the city lockdowns. As for the biotech industry, many drug manufacturers in Taiwan are expected to soon face raw material supply shortages from China as their inventories run out, CNFI said. The outbreak has also hurt private consumption in China, which would affect Taiwanese makers of consumer electronics items, such as chip and optoelectronic products, it said. Many businesses are hoping the government would help them negotiate with banks to resolve possible funding issues, it added.

Source: Taipei Times February 16, 2020 15:56 UTC