IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers.
Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier.
The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed.
Photo: CNA
Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales growth on a year-on-year and quarter-on-quarter basis in the third quarter.
Sales in its electronics component division also rose significantly on the back of an increase in critical component and automotive component shipments, the company said.
The computing division reported solid year-on-year sales growth in the third quarter due to the debut of new products, but sales stayed little changed from a quarter earlier, it said.
The company’s smart consumer electronics division reported robust quarter-on-quarter sales growth as new products hit the market, but stayed flat from a year earlier, it added.
In the first nine months of this year, Hon Hai’s consolidated sales rose by 9.73 percent from a year earlier to NT$4.73 trillion. The world’s largest contract electronics maker expects sales momentum to accelerate this quarter, because of peak season effects in the global information and communications technology industry, it said.
The company is scheduled to hold its annual Tech Day tomorrow and Wednesday to introduce new electric vehicle models and AI servers.
Meanwhile, smartphone camera lens maker Largan Precision Co (大立光), another supplier to Apple Inc, reported on Saturday that its consolidated sales last month rose 17.08 percent from a year earlier to NT$6.52 billion.
However, the figure fell 7.04 percent from the prior month, which the company attributed to shipping some products to clients ahead of schedule in August.
In the third quarter, Largan posted NT$18.95 billion in consolidated sales, up 72.5 percent from the second quarter and up 39 percent from a year earlier, with analysts saying the company benefited from the efforts of international smartphone brands, including Apple, to introduce new products.
In the first nine months of this year, Largan’s consolidated sales rose by 33.23 percent year-on-year to NT$41.25 billion. The company expects sales this month to stay little changed from last month, while the year-on-year growth could decline due to a relatively high comparison base during the same month last year, it said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) last week recorded an increase in the number of shareholders to the highest in almost eight months, despite its share price falling 3.38 percent from the previous week, Taiwan Stock Exchange data released on Saturday showed. As of Friday, TSMC had 1.88 million shareholders, the most since the week of April 25 and an increase of 31,870 from the previous week, the data showed. The number of shareholders jumped despite a drop of NT$50 (US$1.59), or 3.38 percent, in TSMC’s share price from a week earlier to NT$1,430, as investors took profits from their earlier gains
In a high-security Shenzhen laboratory, Chinese scientists have built what Washington has spent years trying to prevent: a prototype of a machine capable of producing the cutting-edge semiconductor chips that power artificial intelligence (AI), smartphones and weapons central to Western military dominance, Reuters has learned. Completed early this year and undergoing testing, the prototype fills nearly an entire factory floor. It was built by a team of former engineers from Dutch semiconductor giant ASML who reverse-engineered the company’s extreme ultraviolet lithography (EUV) machines, according to two people with knowledge of the project. EUV machines sit at the heart of a technological Cold
TAIWAN VALUE CHAIN: Foxtron is to fully own Luxgen following the transaction and it plans to launch a new electric model, the Foxtron Bria, in Taiwan next year Yulon Motor Co (裕隆汽車) yesterday said that its board of directors approved the disposal of its electric vehicle (EV) unit, Luxgen Motor Co (納智捷汽車), to Foxtron Vehicle Technologies Co (鴻華先進) for NT$787.6 million (US$24.98 million). Foxtron, a half-half joint venture between Yulon affiliate Hua-Chuang Automobile Information Technical Center Co (華創車電) and Hon Hai Precision Industry Co (鴻海精密), expects to wrap up the deal in the first quarter of next year. Foxtron would fully own Luxgen following the transaction, including five car distributing companies, outlets and all employees. The deal is subject to the approval of the Fair Trade Commission, Foxtron said. “Foxtron will be
INFLATION CONSIDERATION: The BOJ governor said that it would ‘keep making appropriate decisions’ and would adjust depending on the economy and prices The Bank of Japan (BOJ) yesterday raised its benchmark interest rate to the highest in 30 years and said more increases are in the pipeline if conditions allow, in a sign of growing conviction that it can attain the stable inflation target it has pursued for more than a decade. Bank of Japan Governor Kazuo Ueda’s policy board increased the rate by 0.2 percentage points to 0.75 percent, in a unanimous decision, the bank said in a statement. The central bank cited the rising likelihood of its economic outlook being realized. The rate change was expected by all 50 economists surveyed by Bloomberg. The
RSS