US Demand Boosts TPK Holding Stock Over 8%

The stock price of Taiwanese electronics giant TPK Holding (1504) surged by over 8% on July 15, driven by robust demand for its large motors in the United States. The company's shares opened higher and maintained strong upward momentum throughout the trading day, reaching a peak increase of nearly 9% in the morning.

TPK reported encouraging financial results, with June revenue at NT$5.28 billion, a slight month-on-month decrease but flat year-on-year. The second quarter saw revenue of NT$16.8 billion, a 17% increase from the previous quarter and an 8% rise year-on-year. For the first half of the year, TPK's cumulative revenue reached NT$30.8 billion, marking a 6% increase and a new record for the same period in previous years.

The company anticipates further growth in the second half of the year, particularly from its U.S. operations. TPK also expects its revenue contribution from AI data centers to continue increasing significantly. Analysts project that TPK's AI data center revenue could potentially double this year. Furthermore, collaborations with Foxconn are slated to begin generating revenue in 2025.

Despite the positive outlook, institutional investors showed mixed signals. Foreign investors were net sellers of TPK shares for the fifth consecutive day, while local institutional investors and proprietary traders also offloaded some stock. However, day trading volume saw a slight increase, suggesting potential for further stock price volatility. The company's strong performance is underpinned by its strategic focus on high-growth sectors like AI infrastructure and its expanding presence in key international markets.