Wall Street Will Collapse If China-Taiwan War Breaks Out, Says Key Apple Supplier: 'May Only Take 10 Seconds — Not An Hour'
Portfolio Pulse from Benzinga Neuro
Terry Gou, founder of Apple's lead supplier Foxconn, warns that a potential war involving Taiwan could cause a crash in the U.S. stock market. He stated that it could take as little as '10 seconds' for Wall Street to collapse in the event of a Taiwan Strait conflict. Apple, whose majority of iPhones are assembled by Foxconn in China, could be significantly affected by such a conflict.
August 04, 2023 | 1:06 pm
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Apple could be significantly affected by a potential Taiwan Strait conflict as majority of its iPhones are assembled by Foxconn in China.
Apple's supply chain could be disrupted if a conflict occurs in Taiwan, where its lead supplier Foxconn is based. This could potentially affect Apple's production and sales, leading to a negative impact on its stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 80
NEGATIVE IMPACT
Foxconn could be significantly affected by a potential Taiwan Strait conflict.
As a Taiwan-based company, Foxconn could face direct impacts from a potential conflict in the region. This could disrupt its operations and negatively affect its stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100