Foxconn chairman expects robust revenue growth from AI, EVs despite US tariff uncertainty
The world’s largest contract electronics manufacturer plans to enter the US market by the end of this year, chairman Young Liu says
At the company’s annual shareholder meeting on Thursday, chairman Young Liu outlined the three pillars driving expansion for the Apple supplier, which assembles most of the world’s iPhones.
The information and communication technology business would maintain steady performance while AI demand in edge computing and server applications created significant momentum, Liu said.
The EV segment represents the biggest growth opportunity as product launches advance and Foxconn’s customer base expands. Beyond an existing partnership with Mitsubishi Motors, negotiations with a second Japanese carmaker are nearing completion with an announcement expected soon, according to Liu.
The company was also exploring partnerships with two other carmakers, he added.