Nvidia partner Hon Hai’s sales climb 52% as Europe lines up its own orders
Hon Hai reported August revenue of NT$921.8B, about $29.1B, up 52% year on year on AI server demand, well ahead of analyst expectations for the quarter. In June it signed a EUR 120M manufacturing partnership with Bull, the French state-owned computing firm, splitting work between Pardubice and Angers.x
Hon Hai reported an August revenue rise of 52% to NT$921.8B, about $29.1B, Bloomberg News reported on Saturday. July grew 54%, and analysts are looking for around 37% growth in the three months to September, so the company is running well ahead of them.
The Taiwanese company assembles Nvidia’s servers, and its monthly filing has become a check-in for the AI trade. Concerns about overcapacity, rising debt and fierce competition have grown around it, and the revenue line keeps ignoring them.
TNW reported after the second quarter that AI servers now bring in more than everything else Hon Hai makes combined.
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