Nvidia supplier Foxconn cuts full-year outlook due to currency appreciation

Nvidia supplier Foxconn cuts full-year outlook due to currency appreciation

Foxconn chairman Young Liu said on an earnings call that U.S. tariffs will bring more challenges and his outlook for the full year was more cautious than previously forecast

Apple assembler Foxconn cuts outlook due to appreciation of Taiwan dollar

The logo of electronics contract manufacturer Foxconn Technology Group, formally known as Hon Hai Precision Industry, is displayed at its headquarters in Taipei. Photo: Agence France-Presse Taiwan’s Foxconn, the world’s leading contract electronics manufacturer, lowered its full-year outlook on Wednesday due to the recent strengthening of the Taiwan dollar, despite optimism about strong demand for AI servers. As Apple’s primary iPhone assembler …