TECO Targets Foxconn New Plant Orders, Expands into North American and SE Asian AIDC Markets
TECO Electric & Machinery held its shareholders' meeting, approving a cash dividend of 2 TWD per share. General Manager Kao Fei-yuan announced that TECO has secured equipment orders for Foxconn's new plants and is leveraging their strategic alliance to penetrate the AI data center (AIDC) and industrial infrastructure markets in North America and Southeast Asia.
📋 Article Processing Timeline
- 📰 Published: May 28, 2026 at 10:47
- 🔍 Collected: May 31, 2026 at 23:48 (85h 1m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 00:52 (25h 3m after Collected)
TECO Electric & Machinery held its shareholders' meeting this morning, approving a cash dividend of 2 TWD per share. General Manager Kao Fei-yuan announced that TECO has secured equipment orders for Foxconn's new plants both domestically and abroad. Furthermore, the company is leveraging its strategic alliance with Foxconn to penetrate the AI data center (AIDC) and industrial infrastructure supply chains in North America and Southeast Asia.
Kao stated that the strategic alliance with Foxconn, formed through a share swap, has deepened, with a dedicated task force established to promote modular data center solutions.
Looking ahead, Kao noted that while global trade risks persist, the benefits of AI productivity and the electrification trend continue to drive growth. TECO is transforming into a global energy and smart factory solution provider.
In electrification, new production lines for transformers in Taiwan, the design and development of 1.5 MW Power Conversion Systems (PCS), and the busway plant in Penang, Malaysia, are expected to enter mass production this year. TECO has also established a branch in the Middle East to enter the oil and gas energy sector.
In smart technology, TECO continues to develop Enterprise Energy Management Systems (EMS) and smart factory platforms, combining AI and IoT to transform hardware advantages into high-value data-driven services.
In green energy, TECO is upgrading its ESCO deep energy-saving services into a "one-stop smart green factory solution," actively participating in smart grid and energy storage projects to expand its influence in offshore wind power and green energy trading markets.
Kao stated that the strategic alliance with Foxconn, formed through a share swap, has deepened, with a dedicated task force established to promote modular data center solutions.
Looking ahead, Kao noted that while global trade risks persist, the benefits of AI productivity and the electrification trend continue to drive growth. TECO is transforming into a global energy and smart factory solution provider.
In electrification, new production lines for transformers in Taiwan, the design and development of 1.5 MW Power Conversion Systems (PCS), and the busway plant in Penang, Malaysia, are expected to enter mass production this year. TECO has also established a branch in the Middle East to enter the oil and gas energy sector.
In smart technology, TECO continues to develop Enterprise Energy Management Systems (EMS) and smart factory platforms, combining AI and IoT to transform hardware advantages into high-value data-driven services.
In green energy, TECO is upgrading its ESCO deep energy-saving services into a "one-stop smart green factory solution," actively participating in smart grid and energy storage projects to expand its influence in offshore wind power and green energy trading markets.
FAQ
What is TECO's strategy?
Partnering with Foxconn to enter the AI data center market.