"Nvidia Partner Hon Hai Gets $1.1 Billion Bank Loan Amid AI Boom "

Posted under: AI technologies
Date: 2024-11-20
"Nvidia Partner Hon Hai Gets $1.1 Billion Bank Loan Amid AI Boom "

As the iPhone manufacturer continues to capitalize on the surge in demand for AI servers, Taiwan's Hon Hai Precision Industry Co. has raised $1.1 billion through a three-year loan, according to thpeople familiar with the situation. According to one of the individuals, the facility is a "new money loan," which supplements the company's current debt with additional funds for general corporate reasons.

Read more at: finance.yahoo.com