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Elite Material and Taihong Report Record Revenue in June

Strong demand from Apple and AI servers propel significant year-on-year growth for copper foil substrate manufacturers
e 2383.TW Mid and Small Cap 2000 Tech 350
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Copper foil substrate (CCL) manufacturer Elite Material Co., Ltd. reported a record revenue of NT$5.246 billion for June, marking a 2% monthly increase and an impressive 62.7% year-on-year growth.

Elite Material, a key producer of halogen-free substrates for mobile phones, benefited from Apple’s increased stocking efforts in July, which boosted material manufacturers’ performance in June, surpassing the growth from AI servers. This surge in demand from major clients like Apple significantly contributed to the company’s record-breaking figures.

The robust performance of Elite Material underscores the growing market for advanced electronic materials, driven by the technological advancements in AI and high-speed computing. As the industry continues to evolve, these manufacturers are well-positioned to capitalize on the increasing demand, ensuring sustained growth in the coming quarters.

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