Hon Hai’s results may lend more weight to bets on the sustainability of the post-ChatGPT boom in AI infrastructure construction. Globally, capital has poured into the suppliers of that near-unprecedented rollout, from chipmakers and networking firms to companies like Hon Hai that make servers to house Nvidia chips. Some investors have warned that valuations are unsustainable until AI services truly go mainstream.
Nvidia Corp’s major server production partner Hon Hai Precision Industry Co reported 11% growth in quarterly sales, signalling healthy demand for AI infrastructure.
Revenue totalled NT$2.06 trillion (US$67.8 billion) in the three months to September, in line with analysts’ projections, according to a company statement.
