The Biden administration keeps touting electric cars even though hardly anyone can afford them and the chip shortage continues because of our dependency on Asia in general and China specifically for tech components. If you loved the previous disruptions of China’s COVID shutdowns, enjoy this latest one.
Mainland China is facing its worst Covid-19 outbreak since the country clamped down on the pandemic in 2020, with major cities rushing to limit business activity.
Shenzhen, the biggest city in the manufacturing hub of Guangdong province, told all businesses not involved with essential public services to suspend production or have employees work from home for a week starting Monday. The production halts reportedly include Apple supplier Foxconn, which did not immediately respond to a CNBC request for comment.
Apple and Samsung get their chips out of Shenzhen, but Foxconn is also into making chips for cars.
China’s ruthless shutdowns aren’t over just because ours are which means American business and technology are not only being held hostage to the People’s Republic of China’s foreign policy, but also its domestic policy.