By Sherry Qin
Chairman of Foxconn Technology, the world's largest contract electronics maker, said the Middle East conflict has had limited impact on business so far and expects its 2026 revenue to top 9 trillion New Taiwan dollars, or $281.60 billion.
Still, a prolonged conflict and higher oil prices could push up prices of raw materials, Foxconn chairman Young Liu told local reporters on Friday.
"I think this war is something ?nobody wants to see. We hope it ends as soon as possible," he said.
Despite geopolitical tensions, Liu expects 2026 to be a strong year for Foxconn, formally known as Hon Hai Precision Industry. He expects business to be supported by AI servers and consumer electronics.
His target for Foxconn's 2026 revenue is over NT$9 trillion, up from NT$8.10 trillion in 2025.
Foxconn, which until recently was best known as an iPhone assembler for Apple, has consolidated its position in the AI supply chain by making AI servers for U.S. tech giants including Amazon and Nvidia.
Revenue from cloud and networking products--including AI servers--topped its smart consumer electronics to become Foxconn's biggest business in the second quarter of 2025.
Write to Sherry Qin at sherry.qin@wsj.com
(END) Dow Jones Newswires
03-06-26 0109ET
