5 September 2026
Hon Hai reports 52% revenue surge on Nvidia server assembly demand
First reported
Bloomberg and The Next Web ran this on , all on the same day.
- Hon Hai, the Taiwanese manufacturer that assembles Nvidia's AI servers, reported August revenue of $29.1 billion, up 52% from last year.
- AI server production now generates more revenue for Hon Hai than all other business combined, including iPhone assembly for Apple.
- The company's growth far exceeds analyst forecasts for 37% quarterly expansion, suggesting AI infrastructure spending remains strong despite industry concerns.
- Hon Hai signed a EUR 120 million partnership with Bull, France's state-owned computer maker, to build AI servers in Europe starting 2024.
- Investors remain skeptical despite record earnings, worried about overcapacity, rising debt, and whether massive spending on AI infrastructure will eventually pay off.
Reported by Bloomberg, The Next Web