Foxconn reports a 7.25% sales rise in July, its slowest since January

Description

Hon Hai Precision Industry Co., best known as Foxconn, saw its sales growth ease in July, suggesting that worries over U.S. tariffs are cooling demand for electronics. At the same time, the company is moving ahead with big bets on data-center gear, including the sale of a U.S. factory, as global tech firms pour money into artificial-intelligence infrastructure. Sales at Hon Hai rose 7.25% in July to NT $613.8 billion ($20.5 billion) as per Bloomberg , marking the slowest monthly gain since Janua...