Get the latest tech news
Tariffs Are Proving 'Big Headache' for Tech Giants, Says Foxconn
World’s biggest contract electronics manufacturer highlights disruption caused by trade policy to groups including Apple and Amazon
The US government’s tariff announcements have become a “big headache” for technology companies such as iPhone maker Apple and cloud service provider Amazon, their manufacturing partner Foxconn said on Friday, in a rare public admission of the disruption caused by President Donald Trump’s erratic trade policy. “But under the uncertainties related to geopolitics and tariffs, manufacturing will face challenges and demand might also suffer,” Liu said, adding that the company would work closely with customers to adjust its global footprint. Driven by that strong growth, cloud and networking products would account for half the company’s revenue this year, overtaking the consumer electronics business, which has long weighed on Foxconn’s margins with its low-margin smartphone assembly operations.
Or read this on Hacker News
