Hon Hai Profit Jumps 19% As AI Server Demand Accelerates
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Hon Hai Precision Industry reported a 19% increase in first-quarter profit, reaching NT$49.9 billion, driven by strong demand for AI servers. The company anticipates substantial sales growth this year, with the US becoming its largest AI server production hub. Despite margin pressures, the AI server cycle is expected to help offset rising costs. First-quarter sales rose by 30%, totaling NT$2.1 trillion, supported by AI demand in cloud services. Investors are considering the impact of AI momentum, potential iPhone 17 sales, and supply-chain risks from the Middle East crisis.
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