Hon Hai and Largan Report Record Sales Driven by AI Demand

Hon Hai Precision Industry Co. (Foxconn) announced record third-quarter sales of NT$1.85 trillion (US$57.93 billion), a 20% year-on-year increase, fueled by strong global demand for AI servers.

Key growth areas included cloud, networking, and automotive component divisions, with notable boosts from new product launches.

Similarly, Largan Precision Co., a major Apple supplier, reported a 17% year-on-year sales rise in September, reaching NT$6.52 billion, driven by new smartphone releases. Largan’s sales surged by 33% year-on-year for the first nine months.

Both companies expect continued momentum this quarter, aligning with peak season in the tech industry.

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