News Snapshot:
Pegatron, a Taiwanese company that is one of a few companies that assemble the iPhone, has halted production at two plants in Shanghai and one in Kunshan to comply with the Chinese governmentu2019s stringent COVID-19 regulations, according to Nikkei Asia. China has put strict policies in place in response to a recent resurgence of COVID-19 in the country.The shutdown could have a significant impact on both Pegatron and Apple. Nikkei Asia reports that those Pegatron plants are its only iPhone manufacturing hubs, and Pegatron is responsible for making u201croughlyu201d 20 to 30 percent of all iPhones. Pegatron u201chopes to resume...
