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US cloud providers fuel transformer demand and remains largest market
Jun. 12, 2026 15:35
Fortune Electric CEO Hsu I-te. (CNA photo)
TAIPEI (Taiwan News) — Fortune Electric said Friday that orders for AI data center transformers have exceeded NT$20 billion (US$632.46 million), with strong demand helping extend the company’s order visibility through 2029.
Fortune Electric CEO Hsu I-te (許逸德) said AI data center-related revenue is expected to account for more than 15% of revenue this year, per CNA. Exports accounted for 66% of revenue in the first four months and are expected to remain above 60% for the full year.
Hsu said AI data center transformer shipments could reach NT$4 billion to NT$5 billion this year, with the US remaining the company’s largest market. He said major US cloud service providers are boosting capital spending on power infrastructure to support AI training and inference demand.
The company is also pursuing new AI-related opportunities, including bids for projects at National Center for High-Performance Computing and a data center project in Kagoshima, Japan, per Liberty Times. Hsu said developments on both projects should become clearer in the second half of the year.
Fortune Electric expects first-half results to exceed the same period last year, with the second half outperforming the first. Hsu identified semiconductor fab expansion, AI data center construction, and Taipower’s grid resilience program as the company’s growth drivers this year.
To support future demand, Fortune Electric is expanding production capacity. A new transformer facility in Guanyin began operations in Q1, while a NT$2.5 billion expansion of its Taichung plant is scheduled for completion in mid-2027.
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Taiwan News, Staff Writer
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