News Snapshot:
According to Nikkei Asia, Pegatron, a Taiwanese firm that is one of a handful that assembles the iPhone, has paused production at two sites in Shanghai and one in Kunshan to comply with the Chinese government’s onerous COVID-19 requirements. China has implemented tough measures in reaction to the recent rise of COVID-19 in the country. Pegatron Halts production of Apple iPhones Pegatron, the iPhone assembler, announced in a stock market statement on Tuesday that activities at its two production locations in Shanghai and Kunshan, China, had been halted to comply with regulatory rules. According to Nikkei Asia, these are Pegatron’s...
