Taiwanese Employees of Foxconn, the Apple Supplier, Detained in China
Published On Oct 11, 2024, 2:24 AM
The Taiwanese government has reported that four Foxconn employees were detained by Chinese authorities in Zhengzhou on accusations similar to Taiwan's 'crime of breach of trust.' Foxconn, a major supplier for Apple, stated that the company did not suffer losses and the employees did not harm its interests. The detentions appear to be part of broader scrutiny of private sector activities in China, amidst a troubling trend of Taiwanese nationals going missing in the mainland. Increased scrutiny and regulatory challenges for foreign businesses in China may signal trouble ahead for companies highly dependent on the Chinese market.
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Apple may see supply chain disruptions if tensions with Foxconn escalate further, leading to potential negative impacts on stock performance due to fears of reduced iPhone production.
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Taiwanese Employees of Foxconn, the Apple Supplier, Detained in China
Oct 11, 2024, 2:24 AM
Taiwan’s government said that they had been accused of a breach of trust, but that their employer, Foxconn, had denied the company suffered any losses.
China detains iPhone maker workers in 'strange' case
Oct 11, 2024, 12:20 AM
The Taiwanese government suggested the detentions may be a case of "abuse of power" by Chinese police.