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AI Demand Drives Sales for Nvidia Partner; US Plans Chip Curbs

Nvidia Partner Hon Hai Meets Sales Estimates on Strong AI Demand

Image Source: Bloomberg

• Hon Hai Precision Industry Co. saw a 15.8% growth in quarterly sales driven by strong demand for AI servers.
• The company's sales were also boosted by robust demand for iPhones.

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US Plans AI Chip Curbs on Malaysia, Thailand Over China Concerns

Image Source: Bloomberg

• The US government is planning to restrict shipments of AI chips to Malaysia and Thailand as part of efforts to limit suspected semiconductor smuggling into China.
• This move indicates a significant concern over the use of advanced AI technology in potential national security risks related to chip exports to China.

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