With the increase of sales in January, Foxconn's sales in that month reached 22 billion dollars

28 August 2023

According to eeNews, Hon Hai Precision Industry (Foxconn), an electronic assembly company, achieved record sales in January, reaching NT $660.4 billion (about US $22 billion), up 48% year-on-year and 4.9% month-on-month.

Hon Hai said that compared with last month, smart phones and computing products showed double-digit growth, due to the return to normal operation and the increase in shipments in Zhengzhou Park.

The strong year-on-year growth indicates that China may release its supply chain and pent-up demand.