Hon Hai's Shares Surge as AI Demand Fuels Revenue Growth

Reported 2 days ago

Hon Hai Precision Industry Co. has reported a surprising 15% revenue growth, attributed to heightened demand for AI infrastructure as a server assembly partner to Nvidia. The company achieved NT$2.13 trillion ($64.6 billion) in sales over the past quarter, with December revenue spiking by 42%, surpassing analyst expectations. As Hon Hai anticipates significant sales growth in the forthcoming quarter and aims to diversify beyond Apple, its shares rose as much as 3.6% in Taipei.

Source: YAHOO

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