{"id":113658,"date":"2021-02-20T06:51:05","date_gmt":"2021-02-20T06:51:05","guid":{"rendered":"https:\/\/precoinnews.com\/?p=113658"},"modified":"2021-02-20T06:51:05","modified_gmt":"2021-02-20T06:51:05","slug":"foxconn-chairman-says-expects-limited-impact-from-chip-shortage-on-clients","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/foxconn-chairman-says-expects-limited-impact-from-chip-shortage-on-clients\/","title":{"rendered":"Foxconn chairman says expects 'limited impact' from chip shortage on clients"},"content":{"rendered":"
FILE PHOTO: A sign of Foxconn is seen inside its office building in Taipei, Taiwan November 12, 2020. REUTERS\/Ann Wang<\/figcaption>

TAIPEI (Reuters) – The chairman of Apple Inc supplier Foxconn said on Saturday he expects his company and its clients will face only \u201climited impact\u201d from a chip shortage that has rattled the global automotive and semiconductor industries.<\/p>\n

\u201cSince most of the customers we serve are large customers, they all have proper precautionary planning,\u201d said Liu Young-way, chairman of the manufacturing conglomerate formally known as Hon Hai Precision Industry Co Ltd<\/p>\n

\u201cTherefore, the impact on these large customers is there, but limited,\u201d he told reporters.<\/p>\n

The global spread of COVID-19 has increased demand for laptops, gaming consoles, and other electronics. This caused chip manufacturers to reallocate capacity away from the automotive sector, which was expecting a steep downturn.<\/p>\n

Now, car manufacturers such as Volkswagen AG, General Motors Co and Ford Motor Co have cut output as chip capacity has shrunk.<\/p>\n

Counterpoint Research says the shortage has extended to the smartphone sector, with application processors, display driver chips, and power management chips all facing a crunch.<\/p>\n

However, the research firm predicts Apple will face a minimal impact, due to its large size and its suppliers\u2019 tendency to prioritise it. Apple is Foxconn\u2019s largest customer.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: A sign of Foxconn is<\/p>\n","protected":false},"author":3,"featured_media":113657,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nFoxconn chairman says expects 'limited impact' from chip shortage on clients - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/foxconn-chairman-says-expects-limited-impact-from-chip-shortage-on-clients\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foxconn chairman says expects 'limited impact' from chip shortage on clients - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"FILE PHOTO: A sign of Foxconn is\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/foxconn-chairman-says-expects-limited-impact-from-chip-shortage-on-clients\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-20T06:51:05+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cnewsfotor1-13.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/foxconn-chairman-says-expects-limited-impact-from-chip-shortage-on-clients\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/foxconn-chairman-says-expects-limited-impact-from-chip-shortage-on-clients\/\",\"name\":\"Foxconn chairman says expects 'limited impact' from chip shortage on clients - 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