TAIPEI (TVBS News) — Hon Hai Precision Industry Company (Hon Hai Precision Industry Co., Ltd, 鴻海精密工業股份有限公司) Chairman Young Liu (劉揚偉) announced during the company's New Year Opening ceremony in Tucheng (土城) on Wednesday (Feb. 12) that the impact of tariffs imposed by the U.S. President Donald Trump on the group remains minimal. However, he acknowledged potential effects on the global economy or market contraction.
Liu highlighted the company's strategic adjustments in high-end artificial intelligence server production across Taiwan, the U.S., Mexico, and Vietnam to counter tariff fluctuations. He anticipates Hon Hai's annual revenue will surpass NT$7 trillion this year; however, reaching NT$8 trillion will depend on market developments.
Liu analyzed Trump's tariff policy as an effort to bring manufacturing back to the U.S., revealing that Hon Hai plans to establish new sites in the country with ongoing arrangements. Regarding the proposed 25% tariff on Mexican imports, Liu noted the policy's postponement and confirmed the company's continued observation.
The Hon Hai chairman disclosed an increase in the company's capital expenditure this year, driven by geopolitical factors and expanding investments in new industries. He also revealed plans to launch a new electric vehicle in the U.S. by the end of the year and to increase capital spending on a collaboration with a Japanese company.
