TAIPEI (TVBS News) — Taiwan's stock market closed with a slight dip on Friday (July 25), as the benchmark index fell 9.35 points to 23,364.38. Hon Hai Precision Industry Co., Ltd. (Foxconn, 鴻海) emerged as a standout performer, ending at NT$174.5 after a late surge of 3,557 buy orders. This rise solidified Hon Hai's position as the second-largest company by market value, totaling NT$2.4241 trillion.
Hon Hai opened the day at NT$175.5, marking a NT$1.5 increase, but dipped to NT$173 during early trading. The stock rebounded to close at NT$174.5, reflecting a weekly gain of 5.44% and a monthly rise of 8.39%. Despite MediaTek Inc. (聯發科) temporarily surpassing it on July 22, Hon Hai reclaimed its position the next day, achieving its highest price since March.
The company's June revenue reached NT$540.2 billion, a year-on-year increase of 10.09%, setting a record for the period. The second quarter saw a 9.45% quarterly rise, with first-half revenue totaling NT$3.4395 trillion, up 19.68% from last year. Hon Hai attributed the growth to strong demand for AI servers and anticipated further expansion in its cloud network products in the third quarter.
Foreign investors remain optimistic about Hon Hai's AI server business, predicting a 300% increase in cabinet shipments. Additionally, the anticipated September release of Apple's iPhone 17 series, with Hon Hai as the primary assembler, could boost the company's growth by mitigating tariff impacts through expanded production in India.
