Nvidia supplier Hon Hai posts 40% sales jump on AI server demand

Hon Hai, the Taiwanese contract manufacturing giant known as Foxconn, has reported a bigger-than-expected 40% jump in quarterly sales on demand for AI servers. The Nvidia supplier said in a statement on Sunday that AI rack shipments should maintain their momentum this quarter. June revenue alone reached NT$1.33tn (roughly $45bn), up 21.6% year on year.