Apple supplier Foxconn cuts outlook due to tariff uncertainty

Taiwan’s Foxconn, the world’s largest contract electronics maker, downgraded its full-year outlook on Wednesday citing uncertainty about US. tariffs, even as it struck an upbeat note about booming demand for AI servers.

Foxconn, Apple’s top iPhone assembler and Nvidia’s AI server maker, has ridden the crest of the wave for artificial intelligence demand, but is also vulnerable to changes in US trade and tariff policy given its large manufacturing footprint in countries like China and Mexico.

Chairman Young Liu said on an earnings call that U.S….