I was referring to the cost of the materials. If we are talking about labor, sure. Most of the cost I presume isn’t labor though. Materials are imported with a weakened currency.

Google's cash reserves are in USD. Either they are purchasing the materials in USD (so no difference to them), or in the local currency (which works out better when USD is strong). So either way a strong dollar is good for them.

Google will receive less AD revenue in USD if ad market is primary competing by local ad clients.

You wrote: <<Google's cash reserves are in USD.>> I tried to search for confirmation of this fact. I cannot find anything. Do you have a source? And, can anyone confirm if you can pay for Google services using non-USD? I assume yes. I cannot believe that Google is selling adverts in Japan, Korea, and Taiwan and not accepting local currency. Also, Google has many, many employees overseas (ex-US), so they need lots of non-USD to pay local employees and expenses (office space, etc.).