Foxconn's revenue surged by 47%, and the spending boom on AI infrastructure continues

Hon Hai Precision announced quarterly revenue of 3.03 trillion New Taiwan Dollars (95.4 billion USD), a year-on-year increase of 47%, exceeding analysts' expectations of 2.83 trillion New Taiwan Dollars. As a partner of NVIDIA, Hon Hai benefits from the global cloud computing infrastructure development, and its sales performance is regarded as an important indicator of the AI industry's prosperity.