Foxconn’s (FXCOF) Chairman Young Liu said everyone will feel the impact on prices of oil and raw materials if the U.S.-Israeli conflict with Iran continues, Reuters reported.
Talking to reporters at Foxconn’s headquarters in Taipei’s neighboring city of New Taipei, Liu said the fallout for his company was currently limited. Liu expects 2026 to be a very good year for the company, the report added.
The growing conflict in the Middle East has impacted global markets and sparked concerns over risks to supply chains.
“I think this war is something nobody wants to see. We hope it ends as soon as possible,” said Liu.
Liu noted that given the region’s vital role as a global oil producer, if the war drags on, it could push oil to $100 a barrel and increase prices of raw materials.
“If these effects last longer, everyone will start to feel them. But if the duration can be kept short, then at least for now, the impact isn’t very big, based on what we’re seeing at the moment,” said Liu.
Foxconn did not immediately respond to a request for comment from Seeking Alpha.
On Thursday, Foxconn said its February revenue climbed 8.06% year-over-year amid strong demand for AI products. The Apple (AAPL) and Nvidia (NVDA) supplier — which is formally known as Hon Hai Precision (HNHAF) (HNHPF) — is slated to report its fourth quarter 2025 financial results on March 16.
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