Foxconn's IPC and IIoT subsidiary Ennoconn has been busy fulfilling rush orders from overseas clients since its plants in China resumed operations earlier in March, and remains optimistic that its main product lines will continue to see shipment growth in 2020 despite the coronavirus outbreak.
The firm's main product lines include industrial automation and embedded computer systems, motherboards, human-machine interface solutions and POS series.
As air cargo shipments have been affected by flight suspensions in the US and European countries, Ennoconn is mulling marine shipments as an alternative, which will take longer but may reach clients for use when the pandemic eases later.
Ennoconn's revenues for the first quarter - more or less affected by the outbreak - are expected to stay flat as compared to a year earlier. But shipments are expected to pick up significantly starting the second quarter, including some deferred shipments due in the first quarter and shipments for new orders, industry sources said.
The sources said Ennoconn has newly landed significant amounts of orders for smart retail solutions, lottery machines and software/hardware integration solutions with high gross margins, and such orders will ramp up revenue contribution in the second half of the year.