Taiwan's Foxconn, the world's largest contract electronics maker, sees little impact for now from China's newly announced rare earths curbs, Chairman Young Liu said on Wednesday.
"If the ongoing restrictions continue to escalate tensions, it will impact industries across the board, not just Foxconn," Liu told reporters in Taipei. "In the short term, the current impact is likely limited."
China dramatically expanded its rare earths export controls last week, adding five new elements and extra scrutiny for semiconductor users as Beijing tightens control over the sector.
Foxconn is Nvidia's biggest server maker and Apple's top iPhone assembler. It has been riding the wave of the AI boom and reported earlier this month record third-quarter revenue.
Liu also said that he had recently met with OpenAI CEO Sam Altman and discussed future cooperation. He did not give details.
"If the ongoing restrictions continue to escalate tensions, it will impact industries across the board, not just Foxconn," Liu told reporters in Taipei. "In the short term, the current impact is likely limited."
China dramatically expanded its rare earths export controls last week, adding five new elements and extra scrutiny for semiconductor users as Beijing tightens control over the sector.
Foxconn is Nvidia's biggest server maker and Apple's top iPhone assembler. It has been riding the wave of the AI boom and reported earlier this month record third-quarter revenue.
Liu also said that he had recently met with OpenAI CEO Sam Altman and discussed future cooperation. He did not give details.
You may also like
US Revokes Visas of Foreign Nationals Over Comments on Charlie Kirk's Assassination
Say Goodbye to Nerve Pain and Swelling Naturally: Ayurvedic Potli Therapy That Heals Without Medicine
Ram Charan says 'keep spreading your positivity' as cousin Sai Tej turns 39
He wanted to be a CA, ended up working in a saree shop. Today, he is a famous actor and Alia Bhatt's co-star
MacKenzie Scott cuts Amazon stake by 42%: Report
