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Foxconn shrugs off China lockdown concerns after record Q1

Key iPhone assembler optimistic as smaller rival Pegatron predicts slowdown

Foxconn, the world's biggest contract manufacturer, reported strong first quarter results on May 12 despite recent supply chain disruptions in China.   © Getty Images

TAIPEI -- Key iPhone assembler Foxconn said it will be able to maintain its revenue levels this year despite the monthlong COVID lockdowns in China that have thrown supply chains into turmoil.

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