Hon Hai reports big sales increase, thanks to strong AI demand

Mars Finance News: Hon Hai, NVIDIA's server assembly partner, reported a 40% increase in quarterly sales, which was stronger than expected, and said demand for AI is further growing. Hon Hai stated in a Sunday announcement that it expects AI cabinet shipments to maintain momentum this quarter, while demand for information and communication technology products is entering the peak season. The announcement also said it expects overall operations to achieve both quarter-over-quarter and year-over-year growth. By assembling servers equipped with NVIDIA accelerators, Hon Hai has established itself as a key player in AI hardware. (Cailianshe)
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