Streetbeat News

HNHPF

Hon Hai Precision Industry

https://www.foxconn.com.tw/

Industry

Electronic Computer Manufacturing

Open

12.34

Mkt cap

87B

Volume

7.3K

High

12.50

P/E Ratio

17.86

52-wk high

14.16

Low

12.34

Div yield

0.00

52-wk low

6.04

Foxconn, an Apple supplier, has instructed its recruitment agents in India to remove age, gender, marital status, and the manufacturer's name from job advertisements for iPhone assembly workers.

Portfolio Pulse from

November 18, 2024 | 4:15 am

Foxconn, a Taiwanese contract manufacturer, has reiterated its forecasts with improved visibility following record earnings and profits.

Portfolio Pulse from

November 14, 2024 | 10:45 am

Foxconn, a major electronics manufacturer and Apple's largest iPhone assembler, reported an 8.59% year-on-year increase in October revenue, reaching a record T$804.8 billion ($25.20 billion). The company also has a positive outlook for Q4.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The article highlights key developments in the AI sector, including OpenAI's efforts to combat election interference, Foxconn's plan to build a superchip factory for Nvidia, AMD's upcoming MI350 chip, Cathie Wood's prediction of a trillion-dollar opportunity for Tesla, and Palantir's AI deployment strategies.

Portfolio Pulse from Benzinga Neuro

October 13, 2024 | 1:00 pm

US stock futures indicate a marginally lower opening, with Nvidia gaining in premarket trading. Traders are focused on the Federal Reserve's meeting minutes and upcoming economic data. Nvidia's rise is attributed to positive demand commentary for its chips. The bull market is nearing its second anniversary, with expectations of continued gains.

Portfolio Pulse from Shanthi Rexaline

October 09, 2024 | 11:29 am

Foxconn is set to build the world's largest Nvidia superchip factory to meet the growing demand for AI technology. This move aligns with Nvidia's strategic goals amid U.S. sanctions against China and positions both companies for growth in the AI market.

Portfolio Pulse from Benzinga Neuro

October 08, 2024 | 6:19 am

Apple shares rose by 1.80% following the Federal Reserve's unexpected 50 basis points rate cut, which signals a shift in economic policy. Meanwhile, Foxconn, a key Apple supplier, is advancing in the EV market with new investments and prototypes.

Portfolio Pulse from Vaishali Prayag

September 18, 2024 | 9:20 pm

Sharp and Foxconn have unveiled an innovative electric vehicle prototype, the LDK+, at Sharp Tech-Day in Tokyo. This collaboration marks Foxconn's strategic entry into the EV market, diversifying from its role as a key Apple supplier. The LDK+ features a room-like interior and advanced AI technology, highlighting the growing importance of personal space in vehicles. Foxconn's investment in Vietnam for EV parts production further underscores its commitment to becoming a major player in the EV industry.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 12:22 pm

Apple's recent iPhone launch has not significantly impacted its stock price, with early indications showing a potential 10% decline in iPhone 16 sales. Portfolio manager Dan Niles reflects on his short-term stance, citing overestimated AI impact. Despite this, he remains optimistic about long-term growth. Apple's P/E ratio has increased due to AI expectations, but valuation support is questioned. The stock has underperformed compared to the SPDR S&P 500 ETF Trust.

Portfolio Pulse from Shanthi Rexaline

September 18, 2024 | 8:56 am

Nvidia (NVDA) and Super Micro Computer (SMCI) surged in pre-market trading due to strong AI server demand reported by supplier Foxconn (HNHPF). Foxconn's record June quarter revenue and positive outlook for AI servers contributed to the optimism. Nvidia's upcoming earnings report on August 28 is seen as a key catalyst.

Portfolio Pulse from Shanthi Rexaline

August 14, 2024 | 12:03 pm

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