Hon Hai Precision Industry Co (鴻海精密), which assembles servers for Nvidia Corp, yesterday said that revenue last month rose 10.61 percent year-on-year, driven by strong growth in cloud and networking products amid continued front-loading orders for artificial intelligence (AI) server racks.
Consolidated revenue expanded to NT$606.51 billion (US$19.81 billion) last month from NT$548.31 billion a year earlier, marking the highest ever in August, the company said in a statement.
On a monthly basis, revenue was down 1.2 percent from NT$613.86 billion.
Photo: Cheng I-hwa, AFP
Hon Hai, which is also a major iPhone assembler, added that its electronic components division saw significant revenue growth last month, boosted by front-loading momentum from clients of its core business.
Revenue from its computing division slipped due to a stronger New Taiwan dollar and weaker client inventory buildup, while smart consumer electronics was hit by the local currency’s appreciation, it said.
Compared with July, the company’s cloud and networking operations posted robust growth last month, and its target of tripling AI server rack shipments this quarter sequentially remains on track, Hon Hai said.
The company earlier said that growth momentum from AI servers is expected to continue this quarter and into next year, with revenue from the sector projected to rise 170 percent year-on-year this quarter.
Hon Hai also said AI server revenue increased 60 percent annually to account for more than 50 percent of its total revenue last quarter.
Smart consumer electronics sales last month declined on a monthly basis, as its main products entered a transition phase, Hon Hai said.
Apple Inc is set to launch its new iPhone 17 series later this month.
Revenue in the first eight months of this year totaled NT$4.66 trillion, a 16.65 percent increase from the same period last year, it said.
Revenue growth momentum is expected to accelerate this quarter, both quarterly and annually, as cloud and networking shipments rise and the information and communications technology industry enters its peak season, the company said.
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