News Snapshot:
By Yimou Lee and Sarah Wu TAIPEI (Reuters) – Supplier Apple Foxconn warned that current-quarter earnings for its electronics business, adding smartphones, may fall as expansion slows amid emerging inflation, slowing demand and rising supply chain problems in components due to lockdowns in China. The Taiwanese company, the world’s largest contract electronics maker, is grappling with a severe chip shortage like global manufacturers, which has hurt smartphone production, adding that its main visitor is Apple. While the company reiterated that COVID-19 controls in China had only a limited effect on its production, as it kept staff on site in a...
