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Semiconductors

Apple supplier Foxconn says chip shortage will curb shipments

Key iPhone maker eyeing partners for $1bn electric vehicle plant investment

Foxconn Chairman Young Liu says the global chip crunch has started impacting the Taiwanese electronics manufacturer. (Photo by Ken Kobayashi)

TAIPEI -- Foxconn, the world's biggest contract electronics manufacturer, says the global chip shortage will reduce its shipments by 10% -- a rare acknowledgement that shows some of the world's biggest consumer names from Apple to Amazon might face headwinds from the supply crunch rocking the tech industry.

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