iPhone maker Pegatron halts production at plants in Shanghai and Kunshan due to COVID restrictions

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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 government's 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 "roughly" 20 to 30 percent of all iPhones. Pegatron "hopes to…