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TPE:2317

28 stories mentioning TPE:2317Updated 2d ago

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Asia

Foxconn Unit to Boost Stake in Maxnerva to 40% in HK$152 Million Deal; Maxnerva Shares Surge 64%

Hon Hai Precision Industry (TPE:2317) or Foxconn, through subsidiary Foxconn (Far East), agreed to acquire a 33.85% stake in Maxnerva Technology Services (HK:1037) for about HK$152.4 million, according to filings with the Taiwan and Hong Kong bourses on Tuesday.Foxconn (Far East) will purchase 239 million shares from sellers FSK Holdings and FDG Fund at HK$0.6374 per share.Following the transaction, Foxconn (Far East)'s direct stake in Maxnerva will increase to 40.46% from 6.61%.The transaction triggers a possible mandatory conditional cash offer by Somerley Capital on behalf of the offeror to acquire all remaining issued shares and cancel all outstanding options of Maxnerva, valued at up to HK$272.3 million.Foxconn's shares were down nearly 5%, while those of Maxnerva surged 64% in Tuesday's late-morning trade.

HKG:1037TPE:2317
Asia

Foxconn Industrial Internet to Repurchase Shares for Up to 2 Billion Yuan

Foxconn Industrial Internet (SHA:601138), a subsidiary of Hon Hai Precision Industry (TPE:2317), plans to repurchase its shares ranging from 1 billion yuan to 2 billion yuan, using its own funds, according to a Monday filing to the Taiwan bourse.Foxconn's shares were down over 2% in Tuesday's trade.The repurchase will be conducted through centralized bidding, and the price will be capped at 103 yuan per share, said the contract manufacturer of AI servers.The repurchase will be carried out within three months after receiving the board of directors' approval.

SHA:601138TPE:2317
Asia

Hon Hai Precision Unit to Sell Entire Stake in Galaxy Digital

Hon Hai Precision Industry (TPE:2317) unit HCM International approved the disposal of its entire 1.11% stake in Galaxy Digital, according to a Monday Taiwan Exchange filing.The sale of over 4.3 million Galaxy Digital common shares is part of an investment realization.The electronics contract manufacturer will disclose the financial terms once the deal is closed, it said.

TPE:2317
Asia

Hon Hai Precision's Revenue Jumps 52% in June

Electronics contract manufacturer Hon Hai Precision Industry (TPE:2317) logged an unaudited consolidated revenue of NT$821.8 billion for June, up 52% year over year and the highest-ever revenue for the month.Growth was driven by AI product strength in cloud and networking, plus robust component shipments and new product demand, the company said in a press release on Sunday.For the second quarter, revenue jumped 40% year over year to NT$2.51 trillion, while first-half revenue rose 35% to NT$4.64 trillion, also marking the highest levels in both periods.Looking ahead to the third quarter, the company expects continued growth in AI rack shipments and seasonal ICT demand, though it remains cautious about global political and economic volatility.

TPE:2317
Asia

Market Chatter: Foxconn Chief Warns of Rising Power, Capital Strain Due to AI Data Center Boom

Hon Hai Precision Industry (TPE:2317) or Foxconn's chairman, Liu Yang-wei, warned that the rapid expansion of artificial intelligence data centers is causing significant electricity and capital constraints, CNA reported Thursday.Speaking at the Chinese National Association of Industry and Commerce, Liu said the AI data center market could expand to about $1.6 trillion by 2030, while also becoming highly power-intensive and requiring substantial upfront investment. Liu cautioned that next-generation AI infrastructure is driving higher costs, as high-performance computing clusters lift both electricity consumption and equipment depreciation, according to the report.He added that sustaining AI growth will depend on faster expansion of power supply and more coordinated infrastructure planning to avoid future bottlenecks, CNA said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:2317
Asia

Hon Hai Precision Unit Buys Machinery Equipment Worth MYR77 Million

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, said its unit Fulian Yuzhan Precision Technology acquired machinery and equipment worth about 76.8 million yuan.The equipment was purchased from an affiliate Shenzhen Fulian Ling Yun Guang Technology between July 2025 to June 2026, under group resource integration efforts, according to a Monday Taiwan Exchange filing.The acquisition will boost operational efficiency within the group, it said.

TPE:2317
Asia

Hon Hai, Schneider to Develop Next-Generation AI Data Centers

Hon Hai Technology Group (TPE:2317), also known as Foxconn, is partnering with Schneider Electric to develop next-generation AI data centers, according to a Monday statement.The companies will combine Schneider's power and energy expertise with Foxconn's manufacturing and system integration capabilities to build ready-to-deploy AI infrastructure, according to the release.

TPE:2317
Asia

Hon Hai, Intel Partner to Develop Next-Generation AI Infrastructure

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, formed a strategic partnership with Intel to develop and deploy next-generation artificial intelligence infrastructure and computing platforms.The companies will combine Intel's chip and software expertise with Foxconn's manufacturing and system integration capabilities to build AI solutions across data centers, edge computing and robotics, according to a Thursday press release.They plan to collaborate on AI server racks, AI accelerator systems, cooling technologies and data center infrastructure. The partnership will also target applications in smart manufacturing, smart cities, automotive and robotics.In addition, the companies will explore custom chip design and system integration opportunities to support growing demand for AI technologies.

TPE:2317
Asia

Hon Hai Unit to Shed Stake in Digiwin; Hon Hai Shares Rise 4%

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, said its unit Foxconn Industrial Internet decided to dispose of its holdings in Digiwin through on-market transactions, according to a Wednesday Taiwan Exchange filing.Shares slid about 4% in Thursday's afternoon trade.The deal is part of a portfolio adjustment aimed at realizing investment returns.Following the sale, Foxconn Industrial Internet will still hold 33.6 million Digiwin shares, representing a 12.4% stake, it said.

TPE:2317
Asia

Foxconn Partners With Radiall, Thales on French Chip Packaging Venture

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, together with Radiall and Thales, launched a semiconductor packaging joint venture, Tessalia Technology, in France, according to a statement on Monday.The partners laid the foundation stone for the facility in Le Barp near Bordeaux during the Choose France 2026 Summit.Tessalia will focus on outsourced semiconductor assembly and testing services, producing advanced packaging solutions for the aerospace, telecommunications, automotive, and medical sectors.Production is expected to begin by the end of 2029.The project could attract more than 250 million euros in investment by 2033 and employ about 800 people at full capacity, the statement said.

TPE:2317
Asia

Hon Hai, Bull to Develop AI Infrastructure in Europe

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, formed a strategic partnership with French high-performance computing firm Bull to develop artificial intelligence infrastructure in Europe.Under the deal, Bull will lead AI system design and market development, while Foxconn will handle manufacturing and supply chain support, accoridng to a Monday press release.The companies said production and initial testing will take place at Foxconn's facility in the Czech Republic, while final assembly, integration, and validation will be completed in France.The partnership aims to accelerate deployment of AI infrastructure across Europe by combining Bull's system expertise with Foxconn's manufacturing capabilities.

TPE:2317
Asia

Hon Hai Precision Ties Up With France's Bull for AI, Cloud Infrastructure in Europe

Taiwan's Hon Hai Precision Industry (TPE:2317), also known as Foxconn, has partnered with French advanced computing company Bull to manufacture artificial intelligence and cloud infrastructure, according to a press release on Monday.The companies will combine Bull's AI systems design and Foxconn's global manufacturing scale and supply chain capabilities to build and deliver AI infrastructure products, including computing systems and related components.Under the deal, component manufacturing and initial testing will be done at Foxconn's facility in Pardubice, Czech Republic. Meanwhile, the final assembly, system integration, and quality validation will then be carried out at Bull's factory in Angers, France.To execute the deployment in France, the project is expected to involve an initial investment of over 120 million euros.

TPE:2317
Asia

Market Chatter: Hon Hai to Begin Shipping CPO Switch Trays for AI Infrastructure

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, will start shipping co-packaged optics (CPO) switch trays for AI infrastructure this year, targeting about 10,000 units and more than doubling volumes by 2027, Nikkei Asia reported Friday, citing Chairman Young Liu.Liu said demand for faster data transmission is rising sharply alongside growing AI computing power, driving strong uptake for next-generation optical technologies used in data centers, according to the report.The technology, developed in collaboration with key industry players including Nvidia, is being produced at Foxconn's Vietnam facility, with shipments expected to begin from the third quarter as the firm expands its AI server footprint, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:2317
Asia

Market Chatter: Hon Hai Upbeat About Growth, AI-related CAPEX to Hit $1 Trillion in 2027

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, remains highly confident in its growth outlook, as cloud service providers' artificial intelligence-related capital expenditure has already surpassed $700 billion this year and could climb to $1 trillion next year, Reuters reported Friday, citing Chairman Young Liu.Young Liu attributed the optimism to soaring artificial intelligence demand and rising spending by major cloud service providers. He said the traditional mid-year slowdown for tech suppliers has disappeared, adding he was upbeat about the second half unless a major "black swan" event emerges. He noted cloud providers' AI-related capital expenditure has already exceeded $700 billion this year and could reach $1 trillion next year, the news agency said.The chipmaker earlier reported a better-than-expected 19% rise in first-quarter profit, Reuters added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:2317
Asia

Hon Hai's Singapore Unit Buys Stake in Ingrasys Technology Mexico Worth $40 Million

Hon Hai Precision Industry (TPE:2317) unit Cloud Network Technology Singapore acquired 727.5 million shares in Ingrasys Technology Mexico for $39.5 million, according to a Thursday Taiwan Exchange filing.Shares gained 1% in Friday's midday trade.The transaction is a long-term investment funded through internal capital.Following the deal, Cloud Network Technology Singapore holds a 39.6% stake in Ingrasys Technology Mexico, the filing said.

TPE:2317
Asia

Hon Hai Buys Nearly $12 Million Worth of Stake in Wcube

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, acquired 9.8 million shares in Wcube valued at $11.6 million, according to a Thursday Taiwan Exchange filing.Shares gained 1% in Friday's midday trade.The company said the transaction involved shares priced at $1 each and was carried out via its subsidiary Foxconn (Far East) as part of an internal restructuring exercise.

TPE:2317
Asia

Foxconn Approves Nearly $12Million Capital Reduction via Offshore Far East Holding Unit

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, will carry out a capital reduction in kind via its unit Foxconn (Far East), cancelling $11.6 million in share capital, according to a Thursday Taiwan Exchange filing.Shares gained 1% in Friday's midday trade.The change is intended to optimize its corporate structure and will result in the cancellation of shares representing 0.22% of its total capital, the filing said.Following the adjustment, Foxconn's paid-up capital will stand at $5.16 billion, it said.

TPE:2317
Asia

Hon Hai's Profit Rises 19% in Q1 on Strong AI Demand

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, reported a 19% annual growth in net profit for the first quarter to NT$49.9 billion, supported by strong demand for artificial intelligence products, according to a Thursday press release.Shares gained over 2% in Friday's late morning trade.Earnings per share rose to NT$3.56 from NT$3.03 a year earlier.The Taiwanese electronics manufacturer's operating profit surged 63% year-on-year to NT$75.6 billion, while revenue climbed 29% to a record NT$2.12 trillion.Gross profit margin improved to 6.18% from 6.11% a year ago, while operating profit margin rose to 3.57% from 2.83%.Foxconn said its cloud and networking business, driven by AI server demand, now contributes nearly half of total revenue, helping reduce the seasonal impact typically seen in the ICT sector.The company expects strong AI demand to continue lifting second-quarter performance, forecasting significant quarter-on-quarter growth and strong year-on-year expansion despite the industry's traditional slow season.Foxconn maintained its full-year outlook for strong growth and said capital expenditure is expected to rise more than 30% this year as it expands manufacturing capacity, automation and AI-related investments.

TPE:2317
Foxconn's Profit Rises 19% in Q1 as AI Server Demand Drives Record Revenue
US Markets

Foxconn's Profit Rises 19% in Q1 as AI Server Demand Drives Record Revenue

Hon Hai Precision Industry (TPE:2317), also known as Foxconn, posted higher first-quarter profit as booming artificial intelligence server demand drove record revenue.Net profit attributable to the parent company rose 19% to NT$49.9 billion in the January-to-March period, the company said Thursday.Earnings per share came in at NT$3.56 from NT$3.03 in the corresponding period last year.Revenue climbed 29% to a record NT$2.12 trillion.Nvidia's largest AI server supplier and Apple's main iPhone assembler said rapid growth in AI server demand reshaped its revenue mix, with its cloud and networking business accounting for nearly half of group revenue during the quarter.Foxconn's rotating Chief Executive, Michael Chiang, said artificial intelligence continued to underpin the company's growth outlook as major cloud service providers ramp up spending on AI infrastructure."AI remains the most important growth driver this year," Chiang said on an earnings call, according to Reuters. He added that major cloud service providers have recently increased capital spending plans."AI is not a short-term theme, but a structural transformation of the industry," Chiang said.The company forecast significant quarter-over-quarter and strong year-over-year growth in the second quarter, supported by sustained AI demand, while maintaining its full-year outlook for strong growth.Foxconn said AI rack shipments are expected to more than double this year, with quarterly shipment volumes rising sequentially as customer projects advance.The company also said shipments and revenue from high-speed switches above 800G could double this year as AI data centers increasingly adopt faster networking architectures.Capital expenditures rose about 27% year over year to NT$174 billion last year and are expected to increase by more than 30% this year as Foxconn expands regional manufacturing capacity, automation deployment, and core infrastructure.Foxconn's growing AI infrastructure ambitions come as SoftBank (TYO:9984) has reportedly begun discussions with Nvidia and Foxconn on plans to develop "made-in-Japan" artificial intelligence servers, according to a Nikkei report earlier this month.The report said SoftBank aims to establish a domestic AI server production framework by the end of the decade, initially assembling externally sourced components before eventually expanding into full-scale server manufacturing.Foxconn has also been expanding its footprint in electric vehicles, recently deepening its push into Europe through a strategic partnership with Poland's state-backed ElectroMobility Poland.

TPE:2317TYO:9984
Asia

Market Chatter: US Approves Sale of Nvidia's H200 Chips to China, But Zero Deliveries Made

Despite U.S. clearance for 10 Chinese companies, including Alibaba Group (HKG:9988), Tencent Holdings (HKG:0700) and ByteDance to buy Nvidia H200 chips, zero deliveries have been made to date, Reuters reported Thursday. citing three people familiar with the matter.While the U.S. Commerce Department approved sales of up to 75,000 units per company, Beijing has reportedly told local companies to stall purchases.Other companies that secured licenses to buy Nvidia chips include JD.com (HKG:9618), Lenovo (HKG:0992) and Hon Hai Precision Industry (TPE:2317) or Foxconn, the report said.Nvidia CEO Jensen Huang expects U.S. President Donald Trump and Chinese President Xi Jinping to build on their good relationship during the US-China summit to improve ties, Huang told Chinese state broadcaster CCTV on Thursday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0700HKG:0992HKG:9618HKG:9988TPE:2317

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