Nvidia Partner Foxconn Expects AI Momentum to Drive Q4 Growth After 46% Sales Jump (NVDA:NASDAQ)
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5 Articles
Hon Hai's revenue hits record NT$1.3 trillion in October
Taipei, Nov. 5 (CNA) Hon Hai Precision Industry Co. reported record consolidated revenue of NT$1.3 trillion (US$39.47 billion) in October, marking the second consecutive month its revenue exceeded NT$1 trillion, the company said Thursday.
Terry Gou's Hon Hai sales jump 46% on Nvidia AI demand
Hon Hai Precision Industry, the Taiwanese electronics company founded by billionaire Terry Gou, reported a 46% jump in October sales on strong demand for the Nvidia servers at the center of a global artificial intelligence build-out.Revenue rose to NT$1.31 trillion ($39.7 billion) last month, Hon Hai said in a statement. Analysts on average had expected sales growth of about 30% over the three months ending December, Bloomberg reported.Cloud com…
In today's statement, the company said that its sales increased by 46% on an annual basis to Taiwan's 1.31 trillion ($39.7 billion) over the past month. During the first ten months of this year, the company's sales amounted to 46% of Foxcon's sales during October with the support of artificial intelligence written in the Stock Exchange.
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