Apple Supplier Foxconn Changes iPhone Business Director - Bloomberg News

Apple Supplier Foxconn Changes iPhone Business Director – Bloomberg News

January 17 (Reuters) – Taiwanese company Foxconn (2317.TW) has named Michael Chang as the new head of its iPhone assembly division after a turbulent year in China, Bloomberg News reported Tuesday, citing people familiar with the matter.

A Bloomberg report says Chan has replaced longtime leader Wang Charng-yang as head of the iPhone assembly division.

Foxconn declined to comment. Apple did not immediately respond to a request for comment.

Foxconn’s factory in Zhengzhou, China, the world’s largest iPhone manufacturing facility for Apple Inc. (AAPL.O), was hit hard late last year after the COVID-19 outbreak and restrictions put in place to combat the virus forced thousands of workers to leave.

It was also affected by worker unrest over pay issues, but the plant is nearly back to full production, with December deliveries reaching about 90% of original plans, sources told Reuters earlier in January.

Chang’s appointment is part of an effort by Foxconn Chairman Yang Liu to upgrade the skills of young executives to maintain leadership in the company’s supply chain in the face of growing competition from Chinese competitors, Bloomberg said in a report.

Earlier this month, the Financial Times reported that Apple is about to sign a contract with Chinese manufacturer Luxshare Precision Industry Co Ltd (002475.SZ) to produce premium iPhone models to offset lost production at Foxconn’s Zhengzhou plant (2317.TW). last year.

Reporting by Lavanya Ahira from Bangalore; Edited by Dhanya Ann Toppil and Nivedita Bhattacharji.

Our Standards: Thomson Reuters Trust Principles.

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