https://wccftech.com/foxconn-to-resume-normal-operations-by-the-end-of-march-as-coronavirus-situation-stabilizes-in-china/

Key Apple (NASDAQ:AAPL) supplier Foxconn – formally known as Hon Hai Precision Industry Co Ltd. (TPE:2354) – announced today that it would be able to resume normal operations at its facilities in China by the end of March 2020.

Earlier this year, China placed millions of people under a lockdown and shuttered factories, including those of Foxconn, as the coronavirus epidemic worsened. The mandatory quarantines and termination of transportation links between key Chinese manufacturing hubs have wreaked havoc on the global manufacturing and tech industry as supply chains ruptured and demand collapsed. Nonetheless, the situation appears to be stabilizing in China even as the epidemic continues to worsen in other parts of the world. As an illustration, 600 new cases have emerged in South Korea, pushing the total infections in the East Asian country to 4,800 and the death count to 29. The U.S. has recorded over 100 infections and 6 deaths. There are now more than 10,500 confirmed cases of the novel coronavirus in over 70 countries and territories outside mainland China, including at least 173 deaths.