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Nvidia partner Hon Hai's sales jump 24%
Gulf News
|April 07, 2025
Hon Hai Precision Industry Co.'s first-quarter sales rose at their fastest clip since 2022 on resilient data centre demand, a bright sign for the artificial intelligence sector amid tariff-induced fears.
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The Taiwanese supplier of Nvidia Corp.'s Al servers and Apple Inc.'s iPhones is riding a wave of demand for servers to power Al computing by the likes of Alphabet Inc. and Amazon.com Inc.
Revenue surge
Hon Hai's revenue surged 24.2 per cent for the first three months of 2025 to 1.64 trillion new Taiwan dollar ($49.8 billion), in line with analyst estimates.
The contract manufacturer said on Saturday it expects its cloud and networking products segment to maintain growth momentum in the second quarter.
But Hon Hai cautioned that while it expects overall sales to grow, "based on current visibility," it would need to closely monitor the impact of evolving global political and economic conditions.
This story is from the April 07, 2025 edition of Gulf News.
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