WhaTech Reports Record Q2 Profit, Announces CEO Transition

Connector manufacturer WhaTech (6190) achieved a historic single-quarter net profit in the second quarter, fueled by robust demand for AI high-speed cables and a significant boost in orders from SpaceX. The company reported revenue of NT$2.979 billion, a 19.57% increase from the previous quarter and a 32.82% rise year-on-year.

To accommodate its expanding business and strategic focus on Southeast Asia, the board approved a leadership transition. General Manager Zhang Chengya will move to the role of CEO, providing strategic guidance for the group's development in the region. Xie Mingyuan, currently the COO of the cable division, will assume the position of new general manager. This change is effective immediately.

WhaTech is allocating approximately NT$300 million to NT$400 million in capital expenditure this year to meet the growing demands of AI and low-orbit satellites. Expansion of its high-speed cable production in Thailand is set to begin soon, and irradiation cross-linked cable production in Vietnam has already commenced. The company anticipates that the ongoing supply chain shifts to Southeast Asia and the increasing proportion of high-value products like AI servers, data centers, and low-orbit satellites will be key drivers of its growth in the coming years.