Foxconn sees robust AI server demand, delays EV target

TAIPEI: Taiwan’s Foxconn expects robust growth in its artificial intelligence server business next year and will increase investment in several countries amid mounting trade tensions between the U.S. and China, it said on Thursday.

U.S. President-elect Donald Trump has threatened to put a 10% tariff on all U.S. imports and a 60% levy on Chinese-made products, a move that could impact both Foxconn, whose Zhengzhou plant in China is a major iPhone assembly location, as well as its key client Apple.