Taiwan’s Hon Hai Precision Industry Co., a major assembler of Nvidia servers and Apple gadgets, expects sales of server products for artificial intelligence (AI) tasks to double in the current quarter. The company’s consumer electronics business is forecasted to decline due to volatile smartphone sales, with executives warning of potential US tariffs on gadgets. Despite this, Hon Hai reported a 27% increase in net income and a predicted 170% rise in revenue from AI server sales, signaling the growing importance of AI in its business strategy.
Source: https://www.bloomberg.com/news/articles/2025-08-14/nvidia-partner-hon-hai-s-profit-climbs-after-ai-spending-rises