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Taiwan's PCB companies Tripod Technology Corp. (Tripod) (3044.TW) and New Era Electronics Co., Ltd. (NEE) (4909.TWO) posted impressive August results yesterday (Sep.9th). Tripod reported revenue of NT$5.94 billion (CNY 1.31 billion or USD 184 million), marking its best August ever, with a monthly increase of 1.1%. NEE reached NT$419 million, hitting a new high with a 13% month-over-month increase.

Tripod's August consolidated revenue saw a 7.8% year-on-year increase, while its cumulative revenue for the first eight months of 2024 was NT$42.899 billion, up 11.9% from the previous year. The company's stock closed flat at NT$196.5.

Looking ahead, Tripod mentioned that the third quarter is typically a peak season, and this year is no exception. Demand for server and automotive high-density interconnect (HDI) boards remains strong. Tripod has been focusing on the server board market in recent years, and analysts are optimistic about the company benefiting from the traditional server platform upgrade cycle. There is also potential for growth in AI server demand once semiconductor supply constraints improve, particularly in applications related to CPU boards and switch boards.

In terms of capital expenditures for this year, Tripod remains cautious and expects to spend less than last year.

NEE's August revenue saw a 494% year-on-year surge. For the first eight months, revenue totaled NT$1.953 billion, an increase of 357.6%.

The company recently noted that order visibility remains at around one month. NEE's stock price rose NT$2.5 yesterday, closing at NT$130.

In response to competition from China's supply chain, NEE recently announced plans to sell a subsidiary, with estimated disposal gains exceeding NT$280 million. The final figure will depend on factors such as the share agreement, exchange rate fluctuations, and tax payments, with the final amount recorded in the financial statements following an auditor's review.

Upstream PCB materials supplier Chien Yung also reported August revenue of NT$196 million, a monthly increase of 12.3% and a year-on-year growth of 77.1%. The company's cumulative revenue for the first eight months reached NT$1.257 billion, up 74.3% year-on-year.

Editor：Lulu

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