Apple supplier Foxconn cuts outlook due to tariff uncertainty

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Taiwan’s Foxconn, the world’s largest contract electronics maker, downgraded its full-year outlook on Wednesday citing uncertainty about US. tariffs, even as it struck an upbeat note about booming demand for AI servers.

Foxconn, Apple’s top iPhone assembler and Nvidia’s AI server maker, has ridden the crest of the wave for artificial intelligence demand, but is also vulnerable to changes in US trade and tariff policy given its large manufacturing footprint in countries like China and Mexico.

Chairman Young Liu said on an earnings call that U.S….



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Apple supplier Foxconn cuts outlook due to tariff uncertainty


Taiwan’s Foxconn, the world’s largest contract electronics maker, downgraded its full-year outlook on Wednesday citing uncertainty about US. tariffs, even as it struck an upbeat note about booming demand for AI servers.

Foxconn, Apple’s top iPhone assembler and Nvidia’s AI server maker, has ridden the crest of the wave for artificial intelligence demand, but is also vulnerable to changes in US trade and tariff policy given its large manufacturing footprint in countries like China and Mexico.

Chairman Young Liu said on an earnings call that U.S….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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