Foxconn chairman says expects ‘limited impact’ from chip shortage on clients

Business Insider | Feb 20, 2021 at 1:00 AM
  • The chairman of Apple Inc supplier Foxconn said on Saturday he expects his company and its clients will face only “limited impact” from a chip shortage that has rattled the global automotive and semiconductor industries.
  • Now, car manufacturers such as Volkswagen AG, General Motors Co and Ford Motor Co have cut output as chip capacity has shrunk.
  • The research firm predicts Apple will face a minimal impact, due to its large size and its suppliers’ tendency to prioritise it.