Taiwan’s Foxconn anticipates strong growth in its AI server business in 2025 and is scaling investments in multiple countries amid U.S.-China trade tensions. U.S. President-elect Donald Trump’s proposed tariffs, which could impose a 10% levy on all U.S. imports and 60% on Chinese-made goods, have raised concerns for Foxconn's China-based iPhone assembly plant and key client Apple. To mitigate risks, Foxconn has been diversifying its production, particularly expanding operations in India. The company confirmed plans to further invest in the United States, Mexico, and Vietnam to fortify its supply chain.

Chairman Young Liu highlighted Foxconn’s positive outlook for its U.S. operations, especially given steady sales growth from its AI server plants in Wisconsin and Texas. With expectations that AI servers will make up 50% of total server revenue in 2025, Liu stated Foxconn aims to capture 40% of the global AI server market, with the cloud and networking sector poised to become a flagship segment alongside smartphones. The firm is also constructing the world’s largest manufacturing site in Mexico to produce Nvidia's GB200 superchips, aligning with Nvidia's next-gen platform. Meanwhile, Foxconn revised its goal of a 5% share in the global EV market by 2025 due to slower demand, though it is finalizing EV partnerships with two Japanese automakers.