{"id":2841,"date":"2026-07-05T18:43:15","date_gmt":"2026-07-05T18:43:15","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=2841"},"modified":"2026-07-05T18:43:15","modified_gmt":"2026-07-05T18:43:15","slug":"nvidia-supplier-hon-hais-sales-beat-on-continued-ai-demand","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=2841","title":{"rendered":"Nvidia supplier Hon Hai\u2019s sales beat on continued AI demand"},"content":{"rendered":"
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Shipments of AI racks are expected to maintain their momentum in the current quarter, while demand for information and communications technology products is entering peak season, the company said in a statement Sunday. Overall operations are expected to grow both quarter-on-quarter and year-on-year, it said.<\/p>\n

Read more Despite return-to-office-crackdowns, remote work is alive and well as the rate has barely changed over the last two years<\/a><\/p>\n

Hon Hai, also known as Foxconn, has established itself as a key AI hardware player by assembling servers that house Nvidia accelerators.\u00a0Alphabet Inc.,\u00a0Amazon.com Inc.,\u00a0Meta Platforms Inc.\u00a0and\u00a0Microsoft Corp.\u00a0are setting aside about\u00a0$725 billion\u00a0for AI spending this year, even as warnings abound about overcapacity and questions about how to monetize the technology persist.\u00a0<\/p>\n

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Concerns about a rush to build power-guzzling data centers have also grown since the start of conflict in the Middle East, which has piled pressure on global shipping routes and gas prices.<\/p>\n

Hon Hai\u2019s revenue grew to NT$2.51 trillion ($79 billion) in the three months to June, beating the average of analyst estimates of NT$2.37 trillion. Demand for AI-related products drove sales, compensating for a slight decline in demand from consumer electronics and computing products.<\/p>\n

Read more Iranians demand revenge at funeral ceremonies for supreme leader killed during war, while his replacement has yet to appear to mourn his father<\/a><\/p>\n

The Taiwanese company in March projected strong sales growth in 2026, fueled by sustained AI momentum. It derives a significant chunk of sales from assembling\u00a0Apple Inc.\u2019s iPhones and MacBooks and is in a position to benefit from any positive reception for the latest iPhone 17 product family.<\/p>\n

But like many electronics manufacturers, Hon Hai faces a shortage of memory chips used in a wide range of products from smartphones to PCs and servers. Executives have said the crunch should not significantly impact demand for premium handset and computer products the company makes for major customers.<\/p>\n

Read more At July 4 speech, Trump stumps for controversial SAVE America Act, which even some Republicans in Congress are challenging<\/a><\/p>\n

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Hon Hai, also known as Foxconn, has established itself as a key AI hardware player by assembling servers that house Nvidia accelerators.<\/p>\n","protected":false},"author":1,"featured_media":2840,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[390],"tags":[],"class_list":["post-2841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-servers"],"yoast_head":"\nNvidia supplier Hon Hai\u2019s sales beat on continued AI demand - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=2841\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nvidia supplier Hon Hai\u2019s sales beat on continued AI demand - 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