Hon Hai Precision Industry Co., Ltd. (HNHPF)
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Hon Hai Precision: New-Found Focus On AI Is Paying Off
Hon Hai Precision's (Foxconn) AI hardware venture is driving growth despite challenges in the consumer electronics segment. HNHPF posted strong revenue and profit gains in both Q3 and Q4 of 2024. Fundamentals remain strong and earnings are expected to grow, so the current valuation could be a buying opportunity.
Exclusive: India watchdog faults probe of Foxconn hiring, orders new inquiry
India's powerful human rights watchdog has admonished labor officials for failure to adequately investigate evidence of employment discrimination at Foxconn, which makes Apple iPhones, and told them to re-examine the matter, documents show.
Foxconn reports record fourth quarter revenue, boosting global chip stocks
Foxconn, the world's largest contract electronics manufacturer, has reported record revenue for the fourth quarter. The Taiwan-headquartered company, known in Taiwan and China as Hon Hai Precision Industry Co, posted unaudited revenue of NT$2.13 trillion (approximately US$64.72 billion), marking a 15.2% year-over-year increase.
Foxconn Posts Record Fourth-Quarter Revenue on AI Demand
The Taiwan-listed assembler of Apple and Nvidia products posted record revenue for the fourth quarter, helped by robust demand for servers to power burgeoning artificial intelligence technologies.
Foxconn fourth-quarter revenue up 15.2%
Taiwan's Foxconn , the world's largest contract electronics maker and Apple's biggest iPhone assembler, reported on Sunday that its fourth-quarter revenue jumped 15.2%, reaching a record high for the quarter.
Foxconn Invests in AI Data Center Firm Zettabyte to Boost Sustainable Computing
Electronics manufacturing giant Foxconn is partnering with artificial intelligence (AI) infrastructure company Zettabyte in a strategic investment aimed at expanding energy-efficient AI computing solutions worldwide. The partnership, announced Monday (Dec. 23), combines Foxconn, the world's largest electronics manufacturer, with Zettabyte, an AI data center software and infrastructure solutions provider.
Foxconn says Nov revenue +3.47% y/y, Q4 outlook strong
Taiwan's Foxconn , the world's largest contract electronics maker and Apple's biggest iPhone assembler, reported on Thursday revenue for November rose 3.47% year-on-year to reach the second highest on record for the month at T$672.6 billion ($20.75 billion).
Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs
Taiwan's Foxconn said on Wednesday it expects any impact of new tariffs from U.S. President-elect Donald Trump to hit it less than its rivals, citing its global manufacturing footprint.
Foxconn tells India recruiters: Nix marital status in iPhone job ads
Apple supplier Foxconn has ordered the hiring agents that help recruit iPhone assembly workers in India to remove age, gender and marital criteria as well as the manufacturer's name in job advertisements, according to three people familiar with the matter and almost a dozen ads reviewed by Reuters.
Foxconn reiterates forecasts after record profits
Taiwanese contract manufacturer Foxconn on Thursday said it was reiterating its outlook but with better visibility after record earnings and profit.
Foxconn says Oct revenue +8.59% y/y, Q4 outlook good
Taiwan's Foxconn , the world's largest contract electronics maker and Apple's biggest iPhone assembler, on Tuesday reported revenue for October rose 8.59% year-on-year to reach the highest on record for the month at T$804.8 billion ($25.20 billion).
Foxconn subsidiary Shunsin eyes $80 mln Vietnam investment for integrated circuits
Taiwanese giant Foxconn's subsidiary Shunsin is seeking a permit to invest $80 million in northern Vietnam to produce integrated circuits, according to a document from Vietnam's environment ministry.
