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Apple Supplier Foxconn Urged by Vietnam to Reduce Electricity Use Ahead of Summer Power Crunch
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Apple Supplier Foxconn Urged by Vietnam to Reduce Electricity Use Ahead of Summer Power Crunch
May 21, 2024 4:09 AM

06:49 AM EDT, 05/21/2024 (MT Newswires) -- Apple ( AAPL ) supplier Foxconn has been asked by the Vietnamese government to cut down on electricity use ahead of the summer months, Reuters reported Tuesday, citing unnamed sources.

Foxconn, also known as Hon Hai Precision Industry, was asked to reduce its power usage by 30% to avoid repeating power failures that hit the country in May and June of 2023.

Other companies have also been asked to use less electricity. One source described the communication as an "encouragement" to use less power rather than an order.

Foxconn did not immediately reply to MT Newswires' request for comment.

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