Musk discussed the possibility of a hostile bid at TED2022, allowing him to bypass the board and discuss the offer directly with Twitter’s shareholders. “It would be utterly indefensible not to put this offer to a shareholder vote,” Musk later said.
COVID-19 is still in effect in China and is causing industry-wide problems in the region. As a result, COVID lockdowns in Shanghai and Kunshan are halting or limiting work for suppliers to Dell, Apple, and Tesla.
A massive tech center in Shanghai was forced to go into lockdown last month, forcing employees to stay at home or go through rounds of testing. As a result, facilities producing basic computer hardware were forced to halt production temporarily.
Fortunately, major manufacturers such as Foxconn could devise a solution quickly. The company established private offices in strategic locations so that employees could live nearby during lockdown times. These private offices could only accommodate a limited number of employees.
However, the Chinese government imposed even stricter restrictions on major manufacturers this week, forcing them to halt their operations. Pegatron, Quanta, Compal, and other manufacturers are among them.
Pegatron manufactures between 20 and 30 percent of Apple’s iPhones. According to the company, it is in contact with providers and clients and hopes to resume operations soon. Since the beginning of the month, Quanta, the company that manufactures MacBooks and other laptops for major brands such as HP and Dell, has been working on significantly lower capacity.
As a result, we may have to go through another round of price increases and limited availability for laptops.