Hon Hai Precision Industry Co (鴻海精密), the main contract manufacturer for Apple Inc and Nvidia Corp, yesterday said its revenue last month rose 25.5 percent year-on-year, likely boosted by the hastening of orders ahead of US tariffs that could upend business for its customers.
Hon Hai, also known as Foxconn Technology Group (富士康科技集團), said consolidated sales reached NT$641.37 billion (US$21.28 billion), up from NT$510.9 billion a year earlier.
That contributed to Hon Hai’s best ever total for the first four months of the year — up 24.58 percent to NT$2.28 trillion, the company said in a statement, crediting “strong pull-in momentum” for things such as artificial intelligence products.
Photo: Ann Wang, Reuters
It came on the heels of a first quarter in which Apple and PC makers such as Lenovo Group Ltd (聯想) accelerated shipments to the US and other markets to stockpile inventory.
Even with those pre-emptive measures, Hon Hai customers are expected to take a hit from US tariffs on China and elsewhere. On Thursday last week, Apple said during its quarterly earnings call that it expects US$900 million in higher costs from tariffs in the current period.
Hon Hai said it anticipates quarterly and year-on-year growth in this quarter, adding that the impact of evolving global political and economic conditions would require close monitoring. It has scheduled its first-quarter earnings report and call for Wednesday next week.
Separately, Largan Precision Co (大立光) yesterday reported revenue of NT$4.37 billion for last month, up 26.53 percent from a year earlier, which was in line with the company’s expectations.
The smartphone camera lens supplier’s cumulative sales in the first four months were NT$18.95 billion, up 28.32 percent from a year earlier, Largan said in a separate statement.
The company said sales last month grew for the fifth consecutive month on an annual basis, but shipment momentum this month is expected to slow from last month.
In addition, Largan said that the strengthening of the New Taiwan dollar against the US dollar is not good for its operations, without elaborating.
Additional reporting by staff writer
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