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Nvidia Partner Hon Hai’s Sales Rise 54% on Strong AI Demand

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Asia Nvidia Partner Hon Hai’s Sales Rise 54% on Strong AI Demand Hon Hai Precision Industry Co. reported a 54.2% increase in monthly sales, signaling sustained demand in global AI infrastructure buildout by customers such as Nvidia Corp. Revenue for July climbed to NT$946.5 billion ($29.3 billion), Hon Hai said Wednesday in a statement. Analysts on average are looking for a 31.2% increase in sales for the three-month period ending in September.

Asia Nvidia Partner Hon Hai’s Sales Rise 54% on Strong AI Demand Hon Hai Precision Industry Co. reported a 54.2% increase in monthly sales, signaling sustained demand in global AI infrastructure buildout by customers such as Nvidia Corp. Revenue for July climbed to NT$946.5 billion ($29.3 billion), Hon Hai said Wednesday in a statement. Analysts on average are looking for a 31.2% increase in sales for the three-month period ending in September.
Nvidia (ORG) Hon Hai (PERSON) Strong AI Demand Asia Nvidia (ORG) Strong AI Demand Hon Hai Precision Industry Co. (ORG) Nvidia Corp. Revenue (ORG)
Originally published by Bloomberg Technology Read original →