Asia Tech Wire (June 3) -- Apple supplier Hon Hai, known as Foxconn, has denied reports that its revenue will reach NT$7 trillion (US$215 billion) in 2025.

Hon Hai issued a clarification announcement on Monday, denying media reports that Chairman Young Liu expects the group's revenue to reach NT$7 trillion next year.

It said the company has not made any forecast on financial and business information, and relevant financial and business information is subject to the company's filings with the Taiwan Stock Exchange.