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iPhone Assembler Hon Hai Expects ‘Unprecedented’ First Quarter

  • Its shares climb in Taipei while Asia tech stocks hold steady
  • Electronics firms may be stocking up in case of supply shocks
The Hon Hai Precision Industry Co. headquarters in New Taipei City.

The Hon Hai Precision Industry Co. headquarters in New Taipei City.

Photographer: Bloomberg/Bloomberg
Updated on

Key iPhone assembler Hon Hai Precision Industry Co. may achieve an “unprecedented” performance in the first quarter, according to Chairman Young Liu. 

Shares in Hon Hai, the world’s largest contract manufacturer of electronics for global brands from Nintendo Co. to Apple Inc., climbed as much as 1.5% in Taipei. Manufacturers around the world are racing to build up inventory out of the fear that outbreaks of the omicron variant and other uncertainties could further disrupt their supply chain.