Lates News

Nvidia partner Hon Hai Precision reported better-than-expected quarterly revenue, indicating that global AI infrastructure spending remains elevated. Hon Hai's revenue for the three months ended September reached NT$3.03 trillion ($95.4 billion), up 47% year over year and above the analyst average estimate of NT$2.83 trillion. Hon Hai's strong sales growth follows Micron Technology's optimistic earnings outlook last week, further suggesting that capital expenditure in the AI sector continues to grow. Meanwhile, executives such as OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei have recently called for slowing the development of emerging AI technologies to ensure they remain under human control. As Nvidia's server assembly partner, Hon Hai has benefited over the past two years from global cloud computing infrastructure buildout. As investor concerns over overcapacity, rising debt levels, and regulatory setbacks intensify, Hon Hai's sales performance is also seen as an important gauge of the AI industry's health. The company's shares have risen about 10% so far this year.