Market Insight | FIT HON TENG Surges Over 14% as Hon Hai and NVIDIA are Building the World's Largest GB200 Production Plant in Mexico
FIT HON TENG surged more than 14%, as of the time of publication, it rose by 12.96% to HKD 3.05, with a turnover of HKD 53.6686 million. On the news front, Hon Hai Precision Industry Co., Ltd., the parent company of Foxconn, revealed that the company is building the world's largest NVIDIA GB200 manufacturing plant in Mexico to help alleviate the huge demand for NVIDIA's Blackwell platform. Liu Yangwei, Chairman of Hon Hai, stated that Hon Hai is the first company globally to ship NVIDIA GB200AI chips. Not only chips, but also key components, modules and boards for AI, servers and cabinets, high-performance switches, and even AI data centers, Hon Hai will be the first company to mass produce and ship products equipped with these super chips. CMB International pointed out that FIT HON TENG is one of the leading global server connector manufacturers, and the management expects that the server/interconnect business revenue in 2024 will increase by 15-20% year-on-year, with AI server-related product revenue accounting for 8-10% of the total revenue, mainly driven by the growth in shipments of copper connector products, as well as the rapid volume increase of MCIO and high-speed I/O products
According to the Smart Finance and Economics APP, FIT HON TENG (06088) is currently up over 14%, as of the time of publication, up 12.96% to HKD 3.05, with a turnover of HKD 53.6686 million.
On the news front, Hon Hai Precision Industry Co., Ltd., the parent company of Foxconn, revealed that the company is building the world's largest NVIDIA GB200 manufacturing plant in Mexico to help alleviate the huge demand for NVIDIA's Blackwell platform. Liu Yangwei, Chairman of Hon Hai, stated that Hon Hai is the first company globally to ship NVIDIA GB200 AI chips. Not only chips, but also key components of AI, modules and boards, servers and cabinets, high-performance switches, and even AI data centers, Hon Hai will be the first company to mass produce and ship devices equipped with these super chips.
CMB International pointed out that FIT HON TENG is one of the world's leading server connector manufacturers. The management expects that the server/interconnect business revenue in 2024 will increase by 15-20% year-on-year, with AI server-related product revenue accounting for 8-10% of the total revenue. This growth is mainly driven by the increase in shipments of copper connector products, as well as the rapid volume expansion of MCIO and high-speed I/O products