Hon Hai's market cap soars 850 times since TWSE listing

Taipei, Oct. 15 (CNA) The market capitalization of Hon Hai Precision Industry Co., the largest contract electronics maker in the world, has surged about 850 times since its 1991 debut on the Taiwan Stock Exchange, Chairman Young Liu (劉揚偉) said Wednesday.

Speaking at the opening ceremony of "Taiwan Weeks 2025", Liu said Hon Hai's market value rose from NT$3.6 billion (US$98.24 million) at listing to more than NT$3 trillion, while revenue climbed nearly 3,000 times to NT$7 trillion.

Liu credited the company's use of capital markets, noting that every NT$1 borrowed generates about NT$12 in business and that every two smartphones and AI servers in the world come from its production lines.

He said Hon Hai's long-term capital totaled about NT$260 billion in 2024, with NT$136 billion allocated for capital expenditure, NT$75 billion for dividends and NT$18 billion for long-term investments.

The world's largest contract electronics maker now operates 233 factories and offices in 24 countries, up from 137 four years ago. Its workforce peaked at 1 million but has fallen to 930,000 amid automation, with a further 15 percent cut expected annually, Liu said.

On the sidelines of the event, Liu said he will meet Nvidia CEO Jensen Huang (黃仁勳) later this month at the GPU Technology Conference to discuss cooperation.

On Tuesday, Hon Hai announced plans to partner with Nvidia to develop AI factory infrastructure.