Hon Hai Precision Industry Co (鴻海精密), the world's contract maker of electronic components, yesterday posted NT$115.16 billion (US$3.53 billion) in unconsolidated sales last month, up 29.74 percent from NT$88.77 billion a year earlier.
It was the second month that Hon Hai has seen its sales rise above the NT$100 billion mark. Sales reached NT$100.37 billion in August.
"The September figure wasn't a surprise to me as Hon Hai has seen monthly sales of more than NT$90 billion since June this year," said Sean Ryan (
"With the approaching of high season for its consumer electronic products, the company is expected to continue witnessing robust sales growth throughout the fourth quarter," he said.
Hon Hai makes PlayStation game consoles for Sony Corp, assembles iPods and iPhones for Apple Inc, supplies handset parts for Motorola Inc and produces personal computers for Hewlett-Packard Co.
For the first nine months of the year, Hon Hai reported unconsolidated revenues of NT$822.75 billion, a rise of 39.46 percent from 589.96 billion during the same period last year, the company said in a release yesterday.
Ryan said he expected Hon Hai to post consolidated revenues of between NT$1.5 trillion and NT$1.6 trillion this year.
Shares of Hon Hai, climbed NT$0.5, or 0.2 percent to close at NT$253 on the Taiwan Stock Exchange yesterday. The stock has risen 6.53 percent since the beginning of this year.
Hon Hai, meanwhile, is reportedly planning to build a new plant in Russia to meet rising demand, as its chairman Terry Gou (郭台銘) is taking a four-day trip to Moscow and St. Petersburg, the Chinese-language United Evening News reported yesterday, without citing its sources.
Calls to Hon Hai spokesman Edmund Ding (
Hon Hai has production sites in Taiwan, China, Brazil, the Czech Republic, Ireland, Finland, Hungary, Mexico and Vietnam.
The newspaper said Hon Hai would invest US$50 million to establish a PC factory in St. Petersburg. It said Gou would host a groundbreaking ceremony tomorrow and return home on Sunday.
The plant is expected to begin production late next year of PCs, liquid-crystal-display screens and computer peripherals, the newspaper said.
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Intel Corp has named Tasha Chuang (莊蓓瑜) to lead Intel Taiwan in a bid to reinforce relations between the company and its Taiwanese partners. The appointment of Chuang as general manager for Intel Taiwan takes effect on Thursday, the firm said in a statement yesterday. Chuang is to lead her team in Taiwan to pursue product development and sales growth in an effort to reinforce the company’s ties with its partners and clients, Intel said. Chuang was previously in charge of managing Intel’s ties with leading Taiwanese PC brand Asustek Computer Inc (華碩), which included helping Asustek strengthen its global businesses, the company
Taiwanese suppliers to Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) are expected to follow the contract chipmaker’s step to invest in the US, but their relocation may be seven to eight years away, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. When asked by opposition Chinese Nationalist Party (KMT) Legislator Niu Hsu-ting (牛煦庭) in the legislature about growing concerns that TSMC’s huge investments in the US will prompt its suppliers to follow suit, Kuo said based on the chipmaker’s current limited production volume, it is unlikely to lead its supply chain to go there for now. “Unless TSMC completes its planned six
TikTok abounds with viral videos accusing prestigious brands of secretly manufacturing luxury goods in China so they can be sold at cut prices. However, while these “revelations” are spurious, behind them lurks a well-oiled machine for selling counterfeit goods that is making the most of the confusion surrounding trade tariffs. Chinese content creators who portray themselves as workers or subcontractors in the luxury goods business claim that Beijing has lifted confidentiality clauses on local subcontractors as a way to respond to the huge hike in customs duties imposed on China by US President Donald Trump. They say this Chinese decision, of which Agence
RSS