Taiwanese power supply manufacturer Compucase Enterprise reported July revenue of NT$1.14 billion ($37.9 million), a 151% surge from the previous year and the company’s highest monthly figure on record. The milestone came as the company completed its acquisition of voice coil manufacturer AIP for approximately $150 million, marking Weitron’s largest cross-border deal.
However, the revenue jump couldn’t offset a challenging first half for the gaming hardware supplier. Compucase posted a net loss of NT$331 million ($11 million) for the six months ending June, or NT$2.94 per share, largely due to a one-time provision related to an international arbitration ruling against its subsidiary.
The arbitration award, issued by the International Centre for Dispute Resolution in July, requires Weitron’s subsidiary Li Wei to pay approximately $27 million in damages. The case stemmed from customer claims of product defects and delivery delays dating to 2021, with the original complaint seeking over $143 million in compensation.
Compucase dismissed concerns about the arbitration’s impact, noting that Li Wei represents just 3% of group revenue. The company maintains optimistic projections for gaming power supply demand, citing order visibility through October and new cloud cabinet contracts from North American hyperscale clients.
The gaming power supply market has shown resilience, with analysts projecting growth rates of 5-8% annually through 2030, though broader desktop power supply demand faces headwinds from declining PC sales and cloud computing adoption.
With net equity of NT$3.2 billion and book value of NT$28.3 per share, Compucase appears financially stable despite the legal setback. The company expects the AIP integration to drive profit growth starting in 2026, though investors may question whether the premium paid for the acoustics business can deliver promised returns given the competitive landscape.
