Foxconn CEO Young Liu says the company will not escape the impact of new U.S. tariffs, but its early move to diversify manufacturing across regions will keep the damage relatively small. The tech giant also announced plans to invest over US$26 million into its EV operations in Ohio.
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00:00Taiwan tech manufacturing giant Foxconn says their business will be affected by U.S. tariffs, but not as badly as other companies.
00:30Foxconn also said it would allocate more than 26 million U.S. dollars for its electric vehicle subsidiary based in the U.S. state of Ohio.
00:40Foxconn is the world's largest contract manufacturer of electronics making products like Apple's iPhone.