Hon Hai crosses USD 30.7 billion monthly sales mark for 1st time in September

Taipei [Taiwan], October 5 (ANI): Hon Hai Precision Industry Co. reported on Monday that its monthly sales crossed the NT$1 trillion (Rs USD 30.7 billion) mark for the first time in September, according to a news report by Focus Taiwan. The milestone came primarily on the back of operational momentum across its cloud and networking division during the ongoing artificial intelligence era.

The Taiwan-based contract electronics manufacturing giant, known internationally as Foxconn, generated NT$ 1.15 trillion (Rs USD 31.50 billion) in consolidated sales for the month. The performance reflected a 38.42 per cent increase compared to the same period last year, alongside a 25.70 per cent sequential rise from August.