Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract manufacturer of electronics, yesterday reported that sales declined last month from July as well as from the previous year, amid slowing demand for consumer electronics.
The Taiwanese maker of Sony Corp TVs, Hewlett-Packard Co printers and Apple Inc iPhones and iPads said in a filing to the Taiwan Stock Exchange that its unconsolidated revenues last month fell 0.17 percent year-on-year and 6.55 percent month-on-month to NT$214.43 billion (US$7.34 billion).
Lu Chia-lin (呂家霖), a Taipei-based analyst at Samsung Securities (Asia) Ltd, forecast on Aug. 30 that Hon Hai’s PC and consumer products revenues in the third quarter could be stagnant or increase by a low single-digit percentage from the second quarter because of strong macroeconomic headwinds.
In the first eight months, Hon Hai saw its unaudited revenues expand 21.75 percent year-on-year to NT$1.63 trillion, the company said in the filing.
BUSINESS UPDATE: The iPhone assembler said operations outlook is expected to show quarter-on-quarter and year-on-year growth for the second quarter Hon Hai Precision Industry Co (鴻海精密) yesterday reported strong growth in sales last month, potentially raising expectations for iPhone sales while artificial intelligence (AI)-related business booms. The company, which assembles the majority of Apple Inc’s smartphones, reported a 19.03 percent rise in monthly sales to NT$510.9 billion (US$15.78 billion), from NT$429.22 billion in the same period last year. On a monthly basis, sales rose 14.16 percent, it said. The company in a statement said that last month’s revenue was a record-breaking April performance. Hon Hai, known also as Foxconn Technology Group (富士康科技集團), assembles most iPhones, but the company is diversifying its business to
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GlobalWafers Co (環球晶圓), the world’s No. 3 silicon wafer supplier, yesterday said that revenue would rise moderately in the second half of this year, driven primarily by robust demand for advanced wafers used in high-bandwidth memory (HBM) chips, a key component of artificial intelligence (AI) technology. “The first quarter is the lowest point of this cycle. The second half will be better than the first for the whole semiconductor industry and for GlobalWafers,” chairwoman Doris Hsu (徐秀蘭) said during an online investors’ conference. “HBM would definitely be the key growth driver in the second half,” Hsu said. “That is our big hope
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