Honghai estimates that capital expenditure will increase by 30% this year

ON 12 AUGUST, HONG HAI FINANCE MINISTER HUANG DE INDICATED AT THE CONFERENCE THAT IN THE FIRST HALF OF THE YEAR, THE GROUP ' S CAPITAL EXPENDITURE WAS ABOUT $80.9 BILLION, AN INCREASE OF $3.7 BILLION OVER THE SAME PERIOD. IT WAS ESTIMATED THAT CAPITAL EXPENDITURE WOULD INCREASE BY MORE THAN 30 PER CENT ANNUALLY THIS YEAR, IN RESPONSE TO THE NEEDS OF THE AI SERVER CABINET AND REGIONAL MANUFACTURING, THE EARLY EXPANSION OF KEY CAPACITY SUCH AS SERVER CABINETS, LIQUID COOLING AND TESTING, AND THE ENHANCEMENT OF THE GLOBAL MANUFACTURING AND AUTOMATION LAYOUT. HUANG TE HAS INDICATED THAT FUTURE CAPITAL EXPENDITURES AND THE NEED FOR OPERATING CAPITAL HAVE INCREASED AND THAT THE GROUP HAS SUFFICIENT INTERNAL CASH-GENERATING AND FINANCING CAPACITY AT THIS STAGE TO SUPPORT GROWTH。