5 days ago
Nvidia Partner Hon Hai's July Sales Growth Weakened by Tariffs
Nvidia Corp. 's main server assembly partner Hon Hai Precision Industry Co. 's sales growth slowed in July compared to previous few months, signaling that tariff-induced uncertainties are affecting electronics demand.
Sales rose 7.25% to NT$613.8 billion ($20.5 billion), its slowest growth since January. Analysts were looking for a 12.2% increase in third-quarter revenue. Hon Hai, which also assembles Apple Inc. 's iPhones, previously said it expects third-quarter sales to grow sequentially and year-on-year.
