Reported about 1 year ago
Hon Hai and Yulon joint venture Honor Advance announced a merged revenue of 1.316 billion NT dollars in May 2024, up 3.5% monthly and 2073.3% annually. The company’s accumulated revenue for the first five months of 2024 showed a 1916.4% yearly increase. As part of a deeper collaboration with Nvidia in AI, electric vehicles, smart factories, robots, and smart cities, Honor Advance's Bridgehead new factory will be a flagship AI plant. The company predicts better second-quarter performance as it addresses market demands for passenger vehicles. Hon Hai, the parent company, also announced plans to establish an advanced computing center in Kaohsiung, Taiwan, focusing on AI, electric vehicles, smart factories, robots, and smart cities.
Source: YAHOO