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Nvidia Partners Hon Hai, Quanta See Strong AI Demand Into 2025

Nov 14, 2024 - news.bensbites.com
Taiwan hardware partners of Nvidia Corp., Hon Hai Precision Industry Co. and Quanta Computer Inc., are predicting a surge in AI server demand to continue into the next year. Both companies reported earnings that exceeded expectations due to a global rollout in AI-supporting data centers.

Hon Hai, also known as Foxconn, and MacBook assembler Quanta, both beat quarterly profit estimates thanks to AI servers. Hon Hai is also projecting its cloud products to match mobile phone sales by 2025.

Key takeaways:

  • Nvidia Corp.’s Taiwan hardware partners Hon Hai Precision Industry Co. and Quanta Computer Inc. are forecasting a boom in AI server demand to continue into next year.
  • Key iPhone assembler Hon Hai, also know as Foxconn, and MacBook assembler Quanta reported earnings ahead of expectations on Thursday.
  • This success is attributed to a global rollout in AI-supporting data centers.
  • Hon Hai cloud products are expected to match mobile phone sales in 2025.
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