TAIPEI – Foxconn founder Terry Gou said return to production at the company’s factories in China has "exceeded our expectations" after the coronavirus outbreak temporarily shut down manufacturing, according to reports.

Gou said supplies to factories in China and Vietnam have returned to normal levels. However, weak consumer demand has resulted from Covid-19, which the World Health Organization has declared a pandemic. Gou said the US market is now particularly concerning.

The Foxconn founder said he’s concerned about the electronics supply chain in Japan and South Korea and cited rising prices for DRAM memory and supply issues with display panels.

Last week Foxconn reported revenue would fall 15% in the first quarter.

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