Taiwan power supply unit maker Delta (Taidah Electronics Inc.) saw its shares rise to NT$1,980 on the Taiwan stock market on April 20, briefly pushing its market capitalization above NT$5 trillion, the Economic Daily reported April 21. The report said buying spread after moves by institutional investors.
Delta is the second company in Taiwan to exceed a NT$5 trillion market cap, after Taiwan Semiconductor Manufacturing Co., the world’s largest foundry chipmaker.
Delta reported consolidated March revenue of NT$59.77999 billion, up 37.6% from a year earlier.
A securities industry official said Delta’s results are benefiting from surging demand for high-voltage direct current power equipment for cloud solution providers, lifting both average selling prices and gross margin.
* This article has been translated by AI.
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