New Delhi, May 30 -- Taiwan's Foxconn, also known as Hon Hai Precision Industry and the world's largest electronics manufacturer, forecast revenues to reach NTD 7 trillion (approximately USD 234.5 billion), marking a nearly 3 per cent increase compared to last year. Last year, Foxconn registered a total of sales of NTD 6.8 trillion.

The group expects solid growth this year despite ongoing uncertainties, including U.S. tariffs, currency fluctuations, and a shifting global political and economic landscape, said Young Liu, Hon Hai Chairman, while addressing the shareholders at the Annual General Meeting (AGM), according to Focus Taiwan.

He said he was confident that the annual revenue of the company would surpass NTD 7 trillion, with a str...