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Foxconn Open to Buying Stake in Nissan for Potential Cooperation

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Foxconn (2317.TW), Taiwan’s leading electronics manufacturer, has expressed interest in purchasing a stake in Nissan (7201.T), but emphasized that its primary goal is to collaborate rather than invest in the automaker. Chairman Young Liu stated on Wednesday that Foxconn would consider buying shares if cooperation with Nissan required it, but reiterated that acquiring shares was not their main focus.

Foxconn is in discussions with Renault (RENA.PA), Nissan’s largest shareholder, about potential collaboration. These comments come amid uncertainty surrounding Nissan’s future after it stepped away from merger talks with rival Honda (7267.T), which would have created the world’s fourth-largest automaker.

Sources have indicated that Nissan and Honda, who had been exploring a merger, are expected to announce the end of their talks on Thursday due to growing differences between the two companies. This deal would have been a significant shift in an automotive industry facing mounting pressure from electric vehicle (EV) manufacturers, particularly China’s BYD (002594.SZ).

In light of the changing landscape, Nissan is reportedly open to partnerships with new players, including Foxconn, which is best known for its role as Apple’s primary iPhone manufacturer. While Foxconn seeks to diversify its business, it is not looking to establish itself as an automotive brand. Instead, it intends to offer commissioned design and manufacturing services for electric vehicles.

Neither Nissan nor Renault has commented on Foxconn’s chairman’s statements regarding potential collaboration.

Foxconn Says It Can Adapt Production to Trump Tariffs

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Foxconn, the world’s largest contract electronics manufacturer and Apple’s primary iPhone maker, announced that it can adjust its production strategy to accommodate potential new U.S. tariffs. This statement was made by Foxconn Chairman Young Liu on Wednesday during a press briefing at the company’s headquarters in New Taipei, Taiwan.

The announcement comes after U.S. President Donald Trump introduced a 25% tariff on all U.S. imports from Mexico and Canada, though the tariff has been paused until March 4. Liu highlighted that Foxconn already operates production facilities in both the United States and Mexico.

“Depending on the tariffs, we will plan different production capacities accordingly,” Liu said. He emphasized that Foxconn is prepared to make necessary adjustments with its U.S.-based partners to meet Trump’s call for more domestic manufacturing.

Liu explained that the company’s flexible global production model minimizes the impact of tariff changes. “For the company, if we don’t manufacture here, we can do it there, so the impact is not too great,” he noted.

However, Liu expressed concern about the broader implications of tariffs, stating that they would not benefit the global economy and could reduce market size.

Foxconn Posts Record Revenue for Q4, Driven by AI Demand

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Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, exceeded expectations by posting its highest-ever revenue for the fourth quarter, fueled by strong demand for artificial intelligence (AI) servers. Revenue surged 15.2% year-on-year, reaching T$2.13 trillion ($64.72 billion), surpassing the anticipated T$2.1 trillion, as reported by LSEG SmartEstimate. Foxconn’s cloud and networking products division saw notable growth due to AI server demand, particularly from clients like AI chipmaker Nvidia (NVDA.O).

While the smart consumer electronics segment, including iPhones, saw flat growth, December alone brought in T$654.8 billion, marking a 42.3% increase compared to the previous year. Looking ahead, Foxconn anticipates a slower performance in Q1 2025, consistent with seasonal trends but still reflecting significant year-on-year growth. The company’s shares rose 76% in 2024, outperforming Taiwan’s broader market growth of 28.5%.