MiTAC's August Revenue Hits Record High for the Month, Lifted by AI Server Demand
Taiwanese server maker MiTAC posted its best-ever August sales on booming AI server demand, good news for investors as the stock climbs on its ex-dividend day.
- MiTAC's August revenue more than doubled from a year earlier, its third-highest month ever, and eight-month sales are up over 50% — putting it on track to top NT$100 billion for the year.
- Big cloud data-center customers are still ordering heavily, with smart-device and in-car electronics lines adding steady volume.
- The stock rose over 1% on its first day trading without the dividend, quickly recovering the payout after selling pressure knocked it down the day before.
- The wider Taiwan market opened higher, led by TSMC and MediaTek, while chip and passive-component makers like Yageo also reported record monthly sales.
- Memory is the other hot spot — shortages and rising prices have analysts sharply raising profit forecasts for makers like Winbond into next year.
Outlook: AI server and memory demand look set to stay strong into next year, keeping Taiwan's hardware suppliers' sales climbing.