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Tech giants call Trump tariffs 'big headache' — Foxconn CEO teases increased production in US | The US government's unpredictability flummoxes many of the tech top dogs.
The US government's unpredictability flummoxes many of the tech top dogs.
Foxconn held its latest earnings call on Friday, during which Liu discussed the impact of the U.S. government's recent trend of rapid declaration and rescinding of tariffs on its business. As President Trump dismantles the Biden-era CHIPS Act and welcomes TSMC's new $100 billion investment into Arizona spurred on by fear of tariffs, the U.S. policy on the tech industry is suddenly doing an about-face. Server assembly revenue grew 78% in Q4 2024, with the success of mid-level AI firms like DeepSeek causing Liu to predict that this sector will double for Foxconn in the current quarter.
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