Coronavirus in China disrupts global technology sector
4 years, 10 months ago

Coronavirus in China disrupts global technology sector

India TV News  

The coronavirus outbreak in China is disrupting the global technology sector, as operations in the world's largest technology manufacturing hub are threatened, said Standard and Poor's report on Thursday. "However, if the outbreak proves more difficult to contain, the effect on the tech sector could be extensive as lengthy factory shutdowns or significant underutilization could materially lower the global output of tech components, sub-assemblies, or finished goods," S&P statement said. "We haven't taken any rating actions related to the outbreak, S&P Global Ratings analysists David T. Tsui, Raymond Hsu, and Mark Habib said in the report. ALSO READ | China coronavirus: Record 242 new deaths, nearly 15,000 fresh cases report in Hubei in 1 day

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