Foxconn CEO Predicts U.S. Manufacturing Surge

Foxconn factory workers assembling electronic components.

Foxconn, Apple’s key manufacturing partner, has signaled a potential shift in U.S. production, despite ongoing economic and political uncertainties. The company’s CEO Young Liu shared insights during a recent earnings call, highlighting rising concerns over tariffs and the complexity of global supply chains.


Uncertainty Over Tariffs and Manufacturing Costs

Liu acknowledged that U.S. trade policies remain unpredictable, making it difficult for companies to plan long-term strategies. “The issue of tariffs is something that is giving the CEOs of our customers a big headache now,” he stated. He emphasized that manufacturing demand may decline as companies pass higher costs to consumers.

Foxconn factory workers assembling electronic components.

Despite these challenges, Foxconn expects steady revenue from Apple for at least a year. However, the broader outlook remains unclear due to geopolitical risks and fluctuating demand.

Potential U.S. Expansion Plans

Liu suggested that multiple tech companies are exploring manufacturing partnerships in the U.S. with Foxconn. However, he did not provide specifics, as these plans remain in early stages and may not materialize.


Foxconn has previously struggled with U.S. manufacturing investments. In 2018, under the Trump administration, the company announced a major LCD factory in Wisconsin, fueled by generous financial incentives. However, the facility remained largely empty for years. In 2021, Foxconn renegotiated the deal, reducing its promised investment to $672 million and committing to 1,454 jobs by 2025.

Shifting Focus to Mexico

As part of its global restructuring, Foxconn is expanding operations in Mexico, where it will produce Nvidia Blackwell servers. This shift aligns with broader industry trends, as tech companies seek cost-effective alternatives to U.S.-based production.

Final Thoughts

Foxconn’s U.S. manufacturing expansion remains a possibility but faces significant challenges. While some companies may move production to reduce reliance on China, high costs and past setbacks raise doubts. For now, Foxconn’s focus appears divided, balancing U.S. interests while strengthening operations in Mexico and beyond.


Share This Article