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Hon Hai Precision Industry (Foxconn) reported June 2026 revenue up 52.11% YoY; second-quarter revenue up 39.83% YoY.

2026-07-05

Hon Hai Precision Industry (Foxconn) reported June 2026 revenue up 52.11% YoY; second-quarter revenue up 39.83% YoY.

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2026-07-05

Financial Times reports France’s push to exclude the UK from the EU’s €150bn arms-reconstruction fund Safe has backfired, leaving France with €15.1bn of the €16.2bn it applied for, three people familiar told the paper. The roughly €1.1bn shortfall re

Financial Times reports France’s push to exclude the UK from the EU’s €150bn arms-reconstruction fund Safe has backfired, leaving France with €15.1bn of the €16.2bn it applied for, three people familiar told the paper. The roughly €1.1bn shortfall reflected projects linked to the UK failing to meet strict eligibility rules France had promoted, the sources said. The disqualified work included projects involving missile-maker MBDA; MBDA’s UK and French units jointly produce the long‑range Storm Shadow missile used by Ukraine.
2026-07-05

Nomura says the global storage industry’s core imbalance is a severe supply shortage and AI-driven structural demand growth has not yet peaked. Investor fears of an imminent glut supply are materially overblown, and recent market weakness could offer

Nomura says the global storage industry’s core imbalance is a severe supply shortage and AI-driven structural demand growth has not yet peaked. Investor fears of an imminent glut supply are materially overblown, and recent market weakness could offer a window to reassess storage valuations. Nomura notes semiconductor capex-to-capacity conversion is very slow; a Korean investment plan of about 4,800 trillion won will take at least 5–10 years to translate into actual capacity. High-margin HBM (high-bandwidth memory) is crowding out general-purpose memory capacity, further tightening supply. Nomura adds Meta’s recent decision is not an inflection point for weaker AI hardware demand; Meta bringing compute to market may help stabilize and push down per-token prices that have risen amid current compute shortages.
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