News Snapshot:
[Nikkei] sources. Foxconn subsidiary Eson Precision Engineering, one of the world’s largest iPhone assemblers and part suppliers for Apple and Tesla, announced today it suspended production from Sunday to Friday at its plants in the Chinese city of Kunshan in response to the city’s environmental measures. “The company will leverage its inventory to maintain the operation while production is halted,” Eson wrote in a filing with the Taiwan stock exchange. “We expect to arrange production on the weekends or in the upcoming holidays [next month] to meet customers’ needs.” Heading into the weekend, we noted several provinces with top industrial...
