Shunsin

Investment Thesis

Shunsin is Foxconn's optical packaging and test arm — literally a free piggyback ride to NVDA's CPO supply chain. Foxconn was selected as NVDA's exclusive rack-scale supplier for Groq accelerators, vertically integrating networking including Shunsin's optical packaging. Valued at less than LWLG despite being a production-stage company, not an R&D project.

Catalysts

• Foxconn exclusive rack-scale supplier for NVDA/Groq accelerators
• Foxconn integrating Shunsin optical packaging into NVDA CPO supply chain
• Valued less than LWLG ($2.2B R&D company) despite being production-stage

Risks

• Taiwan disposition rules limit liquidity for some investors
• Foxconn internal sourcing decision could shift away from Shunsin