Taesung Surpasses KRW 220 Billion in Orders for September... "5.8 Times Last Year's Annual Sales"

Taesung's cumulative orders as of September this year have surpassed 220 billion won.

According to Taesung on September 4, the cumulative orders for this month are approximately 5.8 times greater than last year's total consolidated annual sales. This surge in orders is primarily driven by a rapid expansion in the artificial intelligence (AI) server and data center markets. Investments in high-end package substrates such as flip-chip ball grid array (FC-BGA), as well as high-layer, fine-circuit printed circuit boards (PCB), are increasing and leading to a flood of orders from major domestic and international clients.

Visible achievements are also on the horizon in the "glass substrate" equipment sector, which is considered a next-generation growth engine. Taesung is currently in final negotiations with key clients for the supply of glass substrate equipment, and the company anticipates securing its first new order within this month. Both additional orders for existing PCB equipment and new orders for glass substrate equipment are kicking off in earnest at the same time.

This explosive growth in orders is already being reflected in the company’s results. In the first half of this year, Taesung recorded consolidated sales of 50.4 billion won, operating profit of 2.2 billion won, and net profit of 3.0 billion won. Sales in the first half alone have already exceeded 133% of last year’s total annual sales, and with the sequential delivery of already-secured order volumes in the second half, the company expects a continued quantum leap in its performance.

To respond promptly to the increased order volumes, Taesung is ramping up production centered on its new Cheonan factory. Leveraging its technological edge in automation equipment, the company is accelerating commercialization of next-generation growth businesses such as glass substrates and complex copper foil, and is further diversifying its business portfolio.

Kim Joungho, CEO of Taesung, stated, “As client investments in AI semiconductors and high-performance PCBs continue to expand, new orders for our company are also increasing rapidly. At this current pace, reaching a cumulative annual order total of 300 billion won this year is fully within reach.”

This content was produced with the assistance of AI translation services.