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HNHPF - Hon Hai: Enhancing The Longer-Term Growth Profile With Diversification Into EVs
Foxconn Technology Group Global Dep Rcpt Reg S
Hon Hai has disclosed some promising new developments in the EV space with its recent Macronix and Nidec transactions.
While any earnings contribution will likely only kick in over the medium term, Hon Hai efforts to build on its competitive advantage in EVs is encouraging.
Near-term supply-related concerns could weigh on the shares, but considering the longer-term growth opportunities, I am bullish.