Supply chain challenges that have hurt multiple industries for over a year now may have started improving. Apple, Inc.'s iPhone assembler Hon Hai Precision Industry Co., Ltd. (OTC:HNHPF), popularly known as Foxconn, on Wednesday issued positive commentary about the supply chain.
What Happened: Component shortages will see a major improvement in the first quarter, while overall supply constraints will start easing in the second-half, Bloomberg reported, citing a Foxconn spokesperson.
