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Taiwan-based manufacturing giant Hon Hai Precision Industry Co. reported on July 5 that its sales for June rose 10 percent from the previous year, driven by cloud and networking growth because of the boom in artificial intelligence (AI), the Taipei Times reported.
With June sales reaching a record NT$540.24 billion (US$18.67 billion), Hon Hai (known internationally as Foxconn) saw a 10.09% year-on-year rise, but a 12.26% month-on-month decline.
The company is Apple Inc.’s primary iPhone assembler and makes servers powered by Nvidia Corp’s AI accelerators, and said its cloud and networking division benefited from solid global demand for AI applications and cloud services to generate higher sales year-over-year in June.
International brands’ new entertainment devices also helped the company’s smart consumer electronics division, which saw significantly higher sales in June compared to the previous year. However, sales last month of the company’s electronic component operations remained similar to the previous year, and the computing division suffered a sales decline, the company said.
Hon Hai said June sales fell month-over-month across many company divisions because of the stronger Taiwanese dollar and decreased client inventory building.
The company’s consolidated sales reached a record high of approximately NT$1.80 trillion in Q2, representing year-on-year and quarter-on-quarter growth of 15.82% and 9.45%, respectively. Moreover, the company’s consolidated sales in the first half of 2025 reached NT$3.44 trillion, a 19.68 percent increase year-on-year.
Hon Hai said it expects sales growth to accelerate in the third quarter, as it is a traditional peak season in the information and communication technology industry.
The company will hold an investor conference on Aug. 14 to discuss its second quarter results and provide guidance for the third quarter and the rest of 2025.
