IPhone Maker Hon Hai’s August Sales Climb 33% on AI Demand
- Its revenue is recovering gradually from a period of decline
- Smartphones are recovering while AI server demand persists
The Foxconn Technology Group factories at the Quang Chau Industrial Park, Vietnam.
Photographer: Linh Pham/BloombergThis article is for subscribers only.
Hon Hai Precision Industry Co.’s revenue rose 33% in August, accelerating from the previous month thanks to demand for servers powering AI applications.
Apple Inc.’s main manufacturing partner, also known as Foxconn, reported sales of NT$548.3 billion ($17.1 billion) — a record for the month of August. That pace was up sharply from growth of 22% in July.