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Affected by tariffs, Hon Hai's sales rise slowed down in July.
Jin10 data reported on August 5, that Nvidia's main server assembly partner Hon Hai Precision's sales growth in July slowed compared to previous months, indicating that uncertainty caused by tariffs is affecting the demand for electronic products. The company's sales in July increased by 7.25%, reaching NT$613.8 billion (US$20.5 billion), marking the lowest growth rate since January of this year. Analysts expect revenue to grow by 12.2% in the third quarter. Hon Hai Precision previously stated that it expects sales in the third quarter to achieve both quarter-on-quarter and year-on-year growth.