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PCB Stocks Flex Muscle Amid Market Sell-off: Flexium and Taiwan Surface Mounting Tech Gain on Meta and Starlink Ties
Electronic Technology · Electronic Components · economic_daily · 2026-10-15
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Despite a massive sell-off in the Taiwan stock market, PCB manufacturers Flexium and Taiwan Surface Mounting Tech are rallying on the back of new AI and satellite supply chain wins.
What Happened
Market Turbulence: The Taiwan stock market experienced a significant downturn on the 15th, shedding 1,655 points and breaking through key support levels. Despite the broad market decline, PCB sector players Flexium and Taiwan Surface Mounting Tech (TSMT) demonstrated notable resilience, standing out as rare gainers.
Flexium's Strategic Pivot: Flexium is currently undergoing a business transformation, shifting from a traditional flexible PCB supplier to a comprehensive transmission solution provider. By diversifying its client base and securing a position in the Meta AI glasses supply chain, the company is positioning itself for growth in 2026.
TSMT's Growth Drivers: TSMT is benefiting from a surge in orders, particularly in the AI server and optical communication segments. Furthermore, the company has successfully secured contracts with SpaceX for satellite components and is expanding its footprint in the robotics industry, which is expected to boost margins.
Analyst Outlook: J.P. Morgan has expressed optimism regarding TSMT, citing its role as a key SMT supplier for major U.S. optical transceiver clients. The firm maintains an 'Overweight' rating on the stock, with a target price of NT$370, reflecting confidence in the company's expanding business portfolio.
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