News Snapshot:
The Chinese authorities have ordered iPhone assembler Foxconn to operate under a tightly restricted "closed loop" system for a week in the latest attempts to combat the coronavirus. Foxconn plant China's latest move is much smaller-scale than its previous region-wide coronavirus lockdowns, which dramatically affected very many Apple suppliers. According to Bloomberg, Foxconn is one of 100 companies in the Shenzen area subjected to new restrictions for seven days. Specifically, the "closed loop" restriction requires the companies to limit staffing to only those workers already living within a bubble. Factory workers are required to have little or no contact with...
