Apple supplier Foxconn says chip shortage could cut shipments by 10%Foxconn admits it is not immune to the global chip shortage.
What you need to know
Foxconn says that the global chip shortage could impact shipments by 10%.
The issue could affect the availability of some Apple devices.
The supply of Apple products could potentially be impacted by the global chip shortage.
As reported by Nikkei, Foxconn has announced that it may experience a 10% decline in shipments due to the current shortage of chips available to the manufacturer.
"The [supply in the] first two months of this quarter was still ok, as our clients are all very big, but we started to see changes happening this month," Chairman Young Liu said in an earnings call on Tuesday.
Foxconn is Apple's largest supply chain partner and a key partner in the production and assembly of the iPhone. While Apple has generally dodged the impacts of the chip shortage so far, Foxconn's admission means that could quickly change and the supply of Apple's devices could become more constrained.
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Apple supplier Foxconn says chip shortage could cut shipments by 10%
