TAIPEI (Reuters) – Apple supplier Foxconn said on Tuesday that the second half of the year is “developing in a better direction” as Shanghai’s COVID-19 lockdowns appear to be easing.
“We are quite confident in the stability of our supply chain for the second half of this year,” Foxconn Chairman Liu Young-way told the company’s annual shareholder meeting.
(Reporting by Yimou Lee, Sarah Wu, and Ben Blanchard; Editing by Kim Coghill)
