AdvertisementAdvertisementBusiness06 Mar 2026 11:03AM (Updated: 06 Mar 2026 11:39AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST NEW TAIPEI, Taiwan, March 6 : Everyone will feel the impact on prices of oil and raw materials if the U.S. and Israeli conflict with Iran drags on, the chairman of Foxconn, the world's largest electronics maker and Nvidia's key AI server maker, said on Friday.The escalating conflict in the Middle East has rattled global markets and fuelled concern over risks to supply chains.Speaking to reporters at Foxconn's headquarters in Taiwan's city of New Taipei, Young Liu said the fallout for his company was currently limited, however, and he expected 2026 to be a very good year for it.Foxconn has reported record revenues, driven by strong demand for artificial intelligence products, although prolonged conflict in Iran has boosted concern over pricier energy.U.S. tech giants such as Microsoft and Nvidia have been positioning the United Arab Emirates as a regional hub for artificial intelligence computing needed to power services such as ChatGPT. Iran has launched a wave of missiles at Middle East targets in retaliation for U.S. and Israeli strikes that killed Supreme Leader Ayatollah Ali Khamenei on Saturday.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST