News / Taiwan / economic_daily
Google TPU Growth Propels E&R Engineering: Analyst Sets 10,000 TWD Target
Electronic Technology · Electronic Components · economic_daily · 2026-10-05
2383
Aletheia Capital highlights the PCB and CCL sector's growth driven by Google's TPU, issuing a 'Buy' rating for E&R Engineering with a 10,000 TWD target.
What Happened
Industry Outlook: Aletheia Capital reports that the PCB and CCL industry is entering a period of sustained growth, driven primarily by the rapid expansion of Google's Tensor Processing Units (TPU). Supply chain demand is expected to remain robust through 2028 and beyond.
Growth Drivers: The report highlights that TPU shipments are projected to more than double between 2025 and 2028, with the value per unit of next-generation ASICs increasing significantly. This trend is set to triple the total addressable market for PCBs between 2026 and 2029, enhancing pricing power for key suppliers.
Stock Valuation: E&R Engineering has gained favor with institutional investors due to its leadership in high-end CCL and its increasing market share within the Google, AWS, and AMD supply chains. Analysts have assigned a 'Buy' rating with a price target of 10,000 TWD, reflecting strong confidence in its profitability.
Profitability Forecast: With optimized product mixes and rising prices, E&R Engineering is expected to see improved margins and earnings. Analysts have applied a 30x P/E ratio based on 2027-2028 earnings forecasts, signaling long-term value as a core player in the AI supply chain.
Read original
More in Electronic Technology
Electronic Technology · economic_daily · 2026-10-05
Key financial highlights include TSMC's record-breaking market valuation, Foxconn's historic monthly revenue milestone, and major investments in healthcare infrastructure.
Electronic Technology · economic_daily · 2026-10-05
TSMC shares surged to a record high ahead of its upcoming earnings call, pushing its market cap to $2.1 trillion and securing its position as the world's seventh-largest company.
2330
Electronic Technology · economic_daily · 2026-10-05
Taiwan's stock market surged over 1,200 points to close at 49,712, driven by TSMC and semiconductor strength, as analysts eye a potential break above 50,000.
2059, 2330, 2368, 2383, 3406, 3491, 6187, 6274, 7750
Latest in Taiwan
Electronic Technology · economic_daily · 2026-10-05
Key financial highlights include TSMC's record-breaking market valuation, Foxconn's historic monthly revenue milestone, and major investments in healthcare infrastructure.
Electronic Technology · economic_daily · 2026-10-05
TSMC shares surged to a record high ahead of its upcoming earnings call, pushing its market cap to $2.1 trillion and securing its position as the world's seventh-largest company.
2330
Electronic Technology · economic_daily · 2026-10-05
Taiwan's stock market surged over 1,200 points to close at 49,712, driven by TSMC and semiconductor strength, as analysts eye a potential break above 50,000.
2059, 2330, 2368, 2383, 3406, 3491, 6187, 6274, 7750
Electronic Technology · economic_daily · 2026-10-05
Taiwan index futures surged past 50,000 points, fueled by cooling U.S. labor data and strong AI demand, with analysts projecting further gains toward 55,000.
1303, 2308, 2330, 3037, 3105, 3189, 3293, 3665, 4958, 6770, 8046