Hon Hai Precision Industry (Foxconn)'s entire line rose in early trading. As of the time of publication, Fit Hon Teng Precise Industries (6088) rose 3.02% to HKD 2.73; FIH Mobile (2038) rose 2.35% to HKD 0.87; A-share Foxconn Industrial Internet (601138.SH) surged over 5% to reach a new historical high.
According to the Cailian Press app, Hon Hai Precision Industry (Foxconn)'s entire line rose in early trading. As of the time of publication, Fit Hon Teng Precise Industries (6088) rose 3.02% to HKD 2.73; FIH Mobile (2038) rose 2.35% to HKD 0.87; A-share Foxconn Industrial Internet (601138.SH) surged over 5% to reach a new historical high.
On the news side, Hon Hai announced at Computex 2024 that it will collaborate with Nvidia to build an advanced computing center based on the super chip GB200 server, with a total of 64 cabinets and 4,608 GPUs, expected to be completed in 2026. The two sides will continue to deepen cooperation in multiple fields such as AI, electric vehicles, smart factories, Siasun Robot&Automation, Smart City, etc.
CMB International pointed out that Fit Hon Teng is one of the global leaders in server connector manufacturers. The management expects that its server/interconnect business revenue in 2024 will increase by 15-20% year-on-year, AI server-related product revenue will account for 8-10% of its income, and compared to 1% in 2023, it will increase significantly. Morgan Stanley previously pointed out that Hon Hai's AI server-related potential has not been fully recognized by the market.