Reported 8 months ago
Hon Hai received additional investments from foreign and institutional investors, leading to a surge in stock price and hitting a 16-year high at 198.5 yuan, marking an 11.5% increase for the week. The market is closely watching as Hon Hai is on the verge of reaching founder Terry Gou's proposed retirement price of 200 yuan, a promise he made in 2016 to not retire if the stock does not exceed 200 yuan. With the boost from AI development, Hon Hai's stock continues to rise, proving promising in meeting Chairman Guo's retirement benchmark.
Source: YAHOO