Taiwan's Foxconn, the world's largest contract electronics maker, downgraded its full-year outlook on Wednesday citing recent appreciation of the Taiwan dollar, even as it struck an upbeat note about booming demand for AI servers.

Several companies have pulled their full-year outlooks for 2025, with many citing market uncertainty exacerbated by Trump’s tariffs.

Foxconn Chairman Young Liu said, 'Over the past month, rapid changes in U.S. tariff policies have considerably impacted the global supply chain. With recent exchange rate fluctuations adding to the uncertainty,