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Vietnam asks Foxconn to voluntarily cut electricity use


Vietnamese officials have called on Apple supplier Foxconn to voluntarily reduce electricity consumption by 30% at its assembly plant in northern Vietnam. The move is a precautionary measure to prevent a recurrence of last summer's power shortages, which resulted in billions of dollars in losses. People familiar with the matter said that the requirements for Foxconn are “encouragement”, not mandatory, and will have no impact on its production. Vietnam has attracted many foreign companies diversifying production away from China. Thirty-five of Apple's suppliers have established factories in Vietnam. But last year's heat wave in May and June disrupted production in the northern region, causing losses of $1.4 billion. Vietnam's Prime Minister promised in March this year that power shortages would not happen again.

https://www.reuters.com/technology/apple-supplier-foxconn-among-firms-asked-cut-power-use-vietnam-sources-say-2024-05-21/

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