Reported 12 months ago
Stock prices of Delta Electronics, Cheng Uei Precision Industry, MEAN WELL, and Hwa Cheng surged against the trend on July 2, 2024. With the continuous rise in temperature, power outages have been frequent in Taiwan, while major companies like NVIDIA plan to set up AI data centers in Taiwan, driving the stock prices of electromechanical giants Delta Electronics, Cheng Uei Precision Industry, MEAN WELL, and Hwa Cheng to rise. With orders and production capacity at full capacity, they are already taking orders for 2027, expecting operational growth in the next three to eight years. These companies are investing in expanding new plants or increasing production capacity to meet the growing demand for heavy-duty electrical equipment both domestically and globally.
Source: YAHOO