Reported 2 days ago
Hon Hai Precision Industry Co. reported a surprising 15% revenue growth, reaching NT$2.13 trillion ($64.6 billion) over the past three months, fueled by AI infrastructure demand as Nvidia's assembly partner. The company's December revenue skyrocketed by 42%, surpassing analyst predictions and boosting its stock by up to 3.6%. Hon Hai aims to diversify beyond Apple, projecting cloud business revenues, including AI servers, to match iPhone sales by 2025, despite some caution from analysts regarding near-term stock performance.
Source: YAHOO