Apple Supplier Foxlink Unlikely To Resume Full India Ops For 2 Mths: Report

The facility in India's Andhra Pradesh state, where Foxlink makes charging cables for iPhones, was engulfed in a massive fire on Monday that led part of the building to collapse to the ground

Topics

Apple  | Supply chain | Fire accident

Reuters  |  CHITTOOR, India 



Photo: Bloomberg

Photo: Bloomberg

').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();

supplier Foxlink's factory in southern is unlikely to resume full operations for two months after a fire incident, raising concerns of disruptions for the iPhone maker, a source with direct knowledge told Reuters on Tuesday.

The facility in India's Andhra Pradesh state, where Foxlink makes charging cables for iPhones, was engulfed in a massive fire on Monday that led part of the building to collapse to the ground. There were no casualties.

A source with direct knowledge said that Foxlink operates a total of 10 assembly lines in two separate facilities at the plant in Andhra, of which four were completely damaged and unlikely to resume operations for two months.

The remaining six assembly lines will resume operations later this week as even though they were unaffected by the fire incident, they cannot be operated due to damage to IT servers.

A second source familiar with the developments said that Foxlink was a key supplier for in India, and "there could be potential disruptions for iPhones made in or shipped from ."

and Foxlink did not immediately respond to requests for comment. The root cause of the incident is still being investigated, the first source added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

First Published: Tue, February 28 2023. 13:55 IST


RECENT NEWS

Monzo Looks For US Banking License

Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more

Crypto Firms Push Into US Banking

America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more

Parallel Banking: Stablecoins Are Now Global

Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more