Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

Hon Hai (2317.TT): If the Market Is Unchanged, and It Will Be Slightly Upside in 2024 Market.

Hon Hai's Margin Expansion Story Finally Starting to Be Realized? Results Imply Yes

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Hon Hai AI Server Business Expected to Take Market Share 2H23E, Structural Long

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Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

Hon Hai Precision Industry / Equity Bottom-Up

<ul>
<li>Nvidia's CEO Jensen Huang joined Hon Hai at its annual Tech Day yesterday, announcing  an expansion of their partnership into the development of AI factories that will produce new software.</li>
<li>Hon Hai unveiled its new 'Model N' EV, a van designed for logistics use cases. Its Model C SUV will have first customer deliveries in Taiwan in January 2024E.</li>
<li>The latest Nvidia partnership expansion announcement and EV developments will transform Hon Hai's unique value proposition to automakers. We continue to expect nearly 50% upside for the shares.</li>
</ul>


Nvidia's CEO Jensen Huang joined Hon Hai at its annual Tech Day yesterday, announcing  an expansion of their partnership into the development of AI factories that will produce new software.
Hon Hai unveiled its new 'Model N' EV, a van designed for logistics use cases. Its Model C SUV will have first customer deliveries in Taiwan in January 2024E.
The latest Nvidia partnership expansion announcement and EV developments will transform Hon Hai's unique value proposition to automakers. We continue to expect nearly 50% upside for the shares.


Hon Hai Tech Day Takeaways: Nvidia Announces AI Factories Partnership; Competitive Advantage for EVs