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Investing.com -- Hon Hai (TW:2317) Precision Industry Co., the main server assembly partner for Nvidia Corp . (NASDAQ:NVDA), on Tuesday reported a slowdown in sales growth for July, potentially indicating that tariff-related uncertainties are impacting electronics demand.
The company’s sales increased 7.25% to NT$613.8 billion ($20.5 billion), marking its slowest growth rate since January.
This figure fell short of analyst expectations, who had projected a 12.2% increase in third-quarter revenue.
Hon Hai, which also serves as an assembly partner for Apple Inc. (NASDAQ:AAPL) iPhones, had previously stated that it anticipated sequential and year-over-year growth in third-quarter sales.
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