[Hon Hai Reports Surge in Sales Revenue, Driven by Strong AI Demand] According to a report by Jinse Finance, NVIDIA's server assembly partner Hon Hai reported stronger-than-expected quarterly sales growth, indicating sustained robust demand for artificial intelligence (AI). Hon Hai stated on Sunday that its June revenue grew by 52%. Calculations show that Hon Hai's sales for the June quarter increased nearly 40% to NT$2.51 trillion ($79 billion). Analysts had previously forecast an average of NT$2.37 trillion. Hon Hai (also known as Foxconn) has established itself as a key player in AI hardware by assembling servers equipped with NVIDIA accelerators. Alphabet, Amazon, Meta Platforms Inc., and Microsoft are preparing to invest approximately $725 billion in AI this year, despite ongoing warnings about overcapacity and questions about how to monetize this technology. Since the outbreak of the Middle East conflict, which has placed significant pressure on global shipping routes and natural gas prices, concerns about the rush to build energy-intensive data centers have also been mounting.
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