Foxconn Industrial Internet Co., Ltd.'s recent IPO in China has been nothing short of a "lightning fast" event. From submitting its prospectus to the final meeting, the process took just 36 days—20 working days—setting a new record for A-share IPOs and earning it the nickname "light speed IPO." This remarkable pace is attributed to the mainland's regulatory support for emerging industries, Foxconn’s strong financial performance, and its unique position as a cross-strait enterprise. As a result, Foxconn is expected to become one of the largest technology companies listed on the A-share market. However, beyond the efficiency of the IPO, this event reflects a deeper transformation in the cross-strait economic landscape. The traditional model of economic cooperation between Taiwan and the mainland is undergoing significant changes, shaped by evolving international dynamics and complex political shifts. As the mainland moves toward high-quality growth, and cross-strait economic integration deepens, a quiet but powerful revolution is taking place in how businesses operate across the strait. Foxconn’s journey from a small Taiwanese company to a global manufacturing giant is a prime example of this shift. Founded in 1988, Hon Hai Precision Group began investing in Shenzhen, where it focused on producing 3C products. Over time, it became a major player in the global supply chain, leveraging the mainland’s low-cost labor and land to build a highly competitive foundry business. This model, often referred to as "Japan imports, Taiwan orders, mainland production, and U.S. and European exports," was central to the success of many Taiwanese firms during the past decades. Yet, recent years have brought challenges. The global economic slowdown, rising trade protectionism, and shifting cross-strait relations have disrupted the old model. At the same time, the mainland's rising costs and the emergence of cheaper alternatives in Southeast Asia have forced companies like Foxconn to reconsider their strategies. Some have moved production to Vietnam or India, while others are exploring ways to adapt through technological upgrades. Despite these challenges, the mainland's growing domestic market, ongoing reforms, and initiatives like the Belt and Road have created new opportunities for cross-strait collaboration. The rise of the new economy—such as AI, cloud computing, and big data—offers fresh avenues for innovation and investment. Foxconn’s listing on the A-share market marks a key step in its transition toward this new era. Looking ahead, we can expect more Taiwanese companies to deepen their integration with the mainland, not only in manufacturing but also in domestic markets and capital flows. The mainland’s dynamic capital market, with its higher valuations and long-term growth potential, is becoming an attractive destination for Taiwanese enterprises. Additionally, as the mainland strengthens its role in global supply chains, especially through policies like "Made in China 2025," more companies will seek to align themselves with this evolving ecosystem. In conclusion, Foxconn’s rapid IPO is more than just a financial milestone—it symbolizes a broader shift in cross-strait economic relations. As both sides navigate this new landscape, the future of economic cooperation between Taiwan and the mainland is likely to be defined by innovation, integration, and shared growth.

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