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Hon Hai's Jul Sales Growth Slows to 7.3% Due to Tariff Hit on Electronics Demand
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Nvidia (NVDA.US)'s major server assembly partner Hon Hai Precision Industry saw sales growth in July slacken compared to few months ago, hijacked by tariff-induced uncertainties which are affecting electronics demand. Hon Hai's July sales hiked by 7.25% YoY to TWD613.8 billion (approximately USD20.5 billion), marking the slowest growth since January. Analysts had previously forecast the company's third-quarter revenue to grow by 12.2%. AASTOCKS Financial News Website: www.aastocks.com |
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