TAIPEI (Taiwan News) — Taiwanese electronics maker Foxconn cut its growth outlook on Wednesday due to rapid Taiwan dollar appreciation and US tariff impacts. 

During an earnings call, Foxconn Chair Young Liu (劉揚偉) said that US tariffs have brought increasing challenges to the global supply chain, per Reuters. Although Foxconn in March had predicted strong growth for 2025, Liu presented a more cautious outlook given the rapid appreciation of the Taiwan dollar against the greenback. 

In addition, Foxconn could be hurt by US tariffs and trade policy changes, given its global manufacturing bases, the report said. For example, the company assembles its iPhones for Apple in China, the target of Trump’s tariffs. 

Foxconn is also building a massive AI server manufacturing facility in Mexico to produce Nvidia's GB200 superchip.

Foxconn had looked to AI server demand and electric vehicles as generators of future growth. Liu said Tuesday the company expected AI server revenue to grow by more than 50% this year.

Despite the 90-day tariff pause, the US and China have yet to reach a long-term trade deal, with potential outcomes weighing on the global economy.