iPhone Assembler Foxconn Set to Update Q4 Outlook After COVID Curbs Lifted at Major China Plant
Apple supplier and iPhone assembler Foxconn plans to update its fourth-quarter outlook on Thursday, having warned this week of the impact of COVID-19 restrictions at a major plant in China's Zhengzhou.Foxconn's main Zhengzhou plant in central China, which employs about 200,000 people, has been rocked by discontent over stringent measures to curb the spread of COVID-19, with many workers fleeing the site.The lockdown ended on Wednesday, though Foxconn said it was maintaining "closed loop" operations, referring to a…