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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.

"The [supply in the] first two months of this quarter was still ok, as our clients are all very big, but we started to see changes happening this month," Chairman Young Liu said in an earnings call on Tuesday.

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