Nomura Securities says, “The power-supply shock in the world’s second-biggest economy and biggest manufacturer will ripple through and impact global markets.” China says that it aims to start bringing down carbon emissions following a peak in 2030, dropping down to net-zero by 2060.
The company that makes motherboards for the iPhone, Unimicron Technology Group, closed three of its subsidiaries starting at noon on September 26 to midnight on September 30. A spokesperson for Unimicron attributed the shutdown to the firm’s effort to “comply with the local government’s electricity limiting policy.” The spokesperson added that production lost by the shutdown will be made up with production sourced from its other facilities.
Concraft Holding makes speakers for the iPhone and during the five-day period during which it will be shut down to conserve energy, it will use inventory to meet demand. As for Foxconn, Apple’s largest assembler of iPhone handsets, sources unnamed by Reuters said that the impact on the manufacturer has been limited to non-Apple production. In addition, Foxconn moved some scheduled production to October and made the necessary adjustments with its staff.
Eson Precision Industry Co, a Foxconn affiliate, has suspended production from Sunday to Friday and the world’s top foundry, TSMC, says that there will be no impact from the power shortage on the company’s business.