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PCB Leader Gold Circuit Electronics Poised for Growth as AI Server Specs Upgrade
Electronic Technology · Electronic Components · economic_daily · 2026-10-23
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Gold Circuit Electronics is set to benefit from the hardware upgrades in Google's TPU and Amazon's ASIC chips, with analysts projecting EPS to hit 70 TWD by 2027.
What Happened
Industry Growth Drivers: The Taiwanese PCB industry is experiencing a significant boom in 2026, driven by surging demand for AI servers, high-speed networking, and memory components. Total output value is expected to reach a record 1.13 trillion TWD, supported by tight supply of high-end materials and rising demand for HDI boards.
Operational Performance: Gold Circuit Electronics has seen consistent quarterly profit growth, with Q3 revenue hitting an all-time high. The company has secured key positions in the supply chains for Google’s TPU v8 and Amazon’s Trainium 4, while also benefiting from orders from Microsoft, Meta, and 1.6T switch manufacturers.
Technological Edge: The company maintains a competitive advantage through its mastery of thick multi-layer HDI and HLC hybrid technologies, including advanced Pin Lam lamination and deep-hole plating. These technical capabilities have solidified its leadership and attracted strategic investment from Amazon, ensuring its role in next-gen AI hardware.
Future Earnings Outlook: With orders for next-generation products from major cloud providers ramping up, analysts estimate that Gold Circuit Electronics could see its EPS reach 70 TWD by 2027. The stock's technical indicators remain bullish, supported by consistent institutional buying and strong market confidence in its long-term growth trajectory.