The Chinese government closes the Foxconn and Samsung Electronics factories for fear of Coronavirus
For a few days, the Central Government of China is closing entire cities to contain the deadly outbreak known as Coronavirus.
When cities with more than 10 million inhabitants are closed to lime and song, and nobody wants to leave their home, it is natural that the factories are left without personnel, but not only because of the fear of being infected, but also because the government Chinese has begun to close factories that are owned or operated by big names of technology and fast-rotating consumer goods industries.
Among them are companies of great importance such as Foxconn, which has manufacturing contracts with the largest technology companies in Silicon Valley, and one of the most important is Apple, as they manufacture their flagship device, the iPhone. On the other hand we have Samsung Electronics, which manufactures consumer electronics, appliances and certain semiconductors in China, and another of the biggest brands that will affect us the least, is the pharmaceutical and consumer products giant Johnson & Johnson.
The closure of the factories could affect the actions of technology companies in the coming weeks, will also lead to a slowdown in the industry that was not seen in almost three decades, and of course, a possible impact on electronics prices. As of today, these factories will be closed, at least, 1 or 2 weeks.