Speaking at Foxconn’s headquarters in New Taipei, Liu said the current fallout for his company is limited, and he expects 2026 to be a strong year for the business.

“I think this war is something nobody wants to see. We hope it ends as soon as possible,” Liu said.

He added that the Middle East plays a crucial role as a global oil producer, and if the conflict drags on, oil could reach $100 a barrel, which would also push up prices of raw materials worldwide.

“If these effects last longer, everyone will start to feel them. But if the duration can be kept short, the impact isn’t very big for now,” Liu explained.

Foxconn has reported record revenues, driven by high demand for artificial intelligence products. Still, the prolonged conflict in Iran has increased concerns about rising energy costs.

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The company is set to release its fourth-quarter earnings on March 16, updating its outlook for the current quarter and the year.

US tech giants, including Microsoft and Nvidia, are positioning the United Arab Emirates as a hub for AI computing needed to power services like ChatGPT.

Meanwhile, Iran has launched a wave of missiles at Middle East targets in retaliation for US and Israeli strikes that killed Supreme Leader Ayatollah Syed Ali Khamenei.