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As a leader in the global connector market, Amphenol has recently achieved significant success in the copper connector supply chain field. Anfenor has been confirmed as the exclusive supplier of NVGB200 copper cable solutions, a position that originated in August and September 2023 when the R&D department in Nantong received an order and advance payment from Cisco. Subsequently, NV provided an annual forecast of 2 billion RMB with a deposit of 50 million US dollars. This achievement has also attracted the attention of other major companies such as Meta, Google, Lenovo, Dell, and others, who have come to negotiate.

Anfeno's GB200 copper cable high-speed connector has also demonstrated its core position in the market and has not been outsourced to other OEM factories. These copper cables and connectors account for approximately 6% to 7% of the server value, and are expected to cost around 1-1.2 million yuan in GB200 usage, with a gross profit margin of over 50%.

Anfenor's achievements in the copper connector supply chain field, its position in the market, and the performance of its supply chain related companies all demonstrate Anfenor's strong influence and stable market position in the electronic connector market.

As one of the world's largest connector manufacturers, Amphenol Group has always been invincible in its corporate development.

In 1984, it entered the Chinese market and was listed on the New York Stock Exchange in 1991. Anfeno Group has over 90 factories and over 100 sales offices worldwide, with a total of 30000 employees. Its main products include electrical, electronic, and fiber optic connectors, coaxial and flat ribbon cables, and interconnect systems, serving the communication, information processing, aerospace, military electronics, automotive, railway, and other transportation and industrial application markets. Anfenor Group ranked 839th on the 2020 Forbes Global 2000 list, 341st on the 2022 Fortune Global 500, and 320th on the 2022 Hurun Global 500.

As is well known, Anfenor's growth model mainly relies on mergers and acquisitions. Over the past two decades, Amphenol has achieved significant growth and expansion through its proactive M&A strategy, becoming one of the global leaders in the connector industry. Since 2000, Anfenor has successfully built a vast and diverse portfolio of interconnected products by acquiring over 70 companies, covering multiple fields such as automotive, communication, industrial, and aerospace. These mergers and acquisitions not only enhance Amphenol's competitiveness in the connector market, but also support its rapid development in emerging technology fields such as artificial intelligence and quantum computing, while meeting the broad needs of the traditional electronics market. This epitaxial growth strategy helps Amphenol maintain its leading position in the global connected device market.

Anfenor's acquisition strategy is not limited to connector and cable assembly manufacturers, but also extends its strategic reach to other high-tech fields, including manufacturing companies of antennas, sensors, microwave components, fiber optics, and broadband related products. This diversified product line and technical expertise have enabled Anfenor to occupy a leading position in the high-voltage, fiber optic, circular, PCB, and RF interconnect markets.

Early M&A: Anfenor's M&A history can be traced back to 1999, when it acquired Tamura Corporation's North American connector business, which was an important milestone in its M&A history. Afterwards, Anfenor continued to expand its business scope through mergers and acquisitions.

Important merger and acquisition cases:

·In 2005, Anfenor acquired Tyco Electronics' communication products division, which significantly enhanced Anfenor's position in the high-speed communication connector market.

·In 2012, Amphenol acquired GE's advanced sensor business, marking an important layout for Amphenol in the sensor field.

·In 2013, Amphenol acquired FCI Asia, a leading connector manufacturer in the fields of communication and consumer electronics. This acquisition further consolidated Amphenol's influence in the Asian market.

·In 2015, Anfenor acquired W L. Gore&Associates' audio and video cable business has expanded Amphenol's business scope in the high-performance cable field.

These merger and acquisition cases reflect Amphenol's rapid expansion and sustained performance growth in different business areas through mergers and acquisitions, especially in the communication field, making Amphenol the largest manufacturer of mobile phone connectors, specializing in precision interface connections such as SIM card connectors, SD card connectors, USB connectors, HDMI connectors, RF converters, etc.

Anfenor's acquisition strategy and internal growth have led to its market value growth rate far exceeding the compound annual growth rate of the S&P 500 index, reaching 17.7%. Its connector and cable component sales have a compound annual growth rate of 10.8%, while the industry's compound annual growth rate is 4.0%.

Anfenor's acquisition strategy not only focuses on short-term market expansion and product line expansion, but also on long-term technological innovation and consolidation of industry leadership position. Through mergers and acquisitions, Anfenor can quickly enter new market areas, acquire advanced technology and talent, and also improve efficiency and reduce costs by integrating resources and optimizing operations. For example, Anfenor's acquisition in the communication field has made it a leader in the high-speed connector market, especially in the high-speed backplane and I/O connector fields. These mergers and acquisitions not only enhance Anfenor's position among communication equipment manufacturers, but also enhance its competitiveness in fields such as data centers, cloud computing, and high-speed network equipment.

In the automotive industry, Amphenol has strengthened its layout in the automotive electronics market by acquiring related connector companies, especially in the context of rapid development of new energy vehicles and autonomous driving technology. Amphenol's acquisition strategy has helped it seize market opportunities and meet the demand for high reliability and high-performance connectors in the automotive industry.

In addition, Anfenor has expanded its business in the aerospace and military industries by acquiring companies related to antennas, sensors, and microwave components. These acquisitions enable Anfenor to provide comprehensive connectivity solutions for aerospace and military clients, including high-performance connectors for harsh environments.

Anfenor's acquisition strategy also reflects its global layout. By acquiring companies from different regions, Anfenor can quickly enter the local market, better serve local customers, and also diversify regional risks, improving the stability of global business.

It can be said that Anfenor's acquisition strategy is one of the key factors for its success. Anfenor's acquisition strategy is diversified, technology driven, market expansion oriented, and focuses on global layout and long-term strategy. Through mergers and acquisitions, Anfenor has successfully built a vast and diverse portfolio of interconnected products, strengthened its competitiveness in different industries, achieved rapid business growth and expansion, and laid a solid foundation for future development.