It’s a reminder tariffs are still weighing on international trade. Foxconn is best known in the U.S. for being the primary contract manufacturer for Apple and an essential part of the iPhone supply chain.

Foxconn posted a sharp increase in earnings for the first quarter of 2025, but cut its full-year guidance Tuesday, citing currency headwinds and U.S. trade policy risks. Revenue climbed 24.2% year over year in the JanuaryMarch quarter,

Taiwan's Foxconn, the world's largest contract electronics make says its first-quarter profit leapt 91% and beat the market forecast on continued strong demand for artificial intelligence (AI) servers.