Liming Hsien: AI data center business inexhaustible, TECO Group aims for NT$100 billion revenue
TECO Chairman Liming Hsien announced that due to the booming AI data center business, TECO Group aims to achieve NT$100 billion in revenue within 2-3 years. The group targets a 20% market share in non-server related AI data center electromechanical equipment supply and turnkey projects in Asian markets outside mainland China.
📋 Article Processing Timeline
- 📰 Published: April 29, 2026 at 10:41
- 🔍 Collected: April 29, 2026 at 11:01 (20 min after Published)
- 🤖 AI Analyzed: April 29, 2026 at 11:04 (2 min after Collected)
Central News Agency
(Central News Agency reporter Zhong Rong-feng, Penang, Malaysia, 29th) Motor giant TECO Chairman Liming Hsien stated today at the opening of TECO's subsidiary, TECOBAR Technology's new plant in Penang, Malaysia, that the artificial intelligence (AI) data center engineering equipment business will be "inexhaustible" in the next 3 to 5 years. TECO plans to achieve a 20% market share in non-server related AI data center electromechanical equipment supply and turnkey projects in Asian markets outside mainland China.
Looking ahead at the group's performance growth prospects, Liming Hsien expects TECO Group's revenue target to reach NT$100 billion within the next 2 to 3 years, with promising growth in data center and energy-saving and carbon reduction related projects.
Regarding the progress of the stock swap strategic alliance between TECO and Foxconn, Liming Hsien revealed that Foxconn does not rule out appointing directors to TECO's new board in 2027, expecting the structure of TECO's board to further change next year.
Liming Hsien stated in an interview with media in Penang before the opening ceremony this morning that TECO aims to enter the first-tier supply chain of major AI data center manufacturers in the Southeast Asian market. Currently, its layout covers Taiwan and Asian markets, not limited to turnkey projects, but also actively entering electromechanical engineering and fiber optic-related power equipment solutions, aiming to become an AI data center system integration solution provider.
Liming Hsien pointed out that Malaysia actively provides resources such as water, electricity, and land. Major US cloud service providers (CSPs) are actively expanding capacity in Johor and Kuala Lumpur. It is estimated that there will be 20 more AI data centers planned for construction in the next 3 years. In addition to electromechanical and fiber optic engineering, TECO is also actively negotiating the supply of key components including transformers, switchboards, and busways.
He stated that in the next 3 to 5 years, in addition to the inexhaustible AI data center engineering equipment business, TECO will also continue to cooperate with Foxconn to promote modular data center solutions in Taiwan and Malaysia.
In response to the trend of AI data center construction, Liming Hsien stated that TECO has independently established an AI Data Center Business Unit under the Power Energy Business Group, with promising future growth. Currently, the AI data center business unit accounts for about 30% of the Power Energy Business Group's performance, and this proportion is expected to increase to 50% to 60% in the future. Driven by the AI data center business, the Power Energy Business Group's revenue will exceed that of the Electromechanical Business Group. (Editor: Chang Chun-Mao) 1150429
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(Central News Agency reporter Zhong Rong-feng, Penang, Malaysia, 29th) Motor giant TECO Chairman Liming Hsien stated today at the opening of TECO's subsidiary, TECOBAR Technology's new plant in Penang, Malaysia, that the artificial intelligence (AI) data center engineering equipment business will be "inexhaustible" in the next 3 to 5 years. TECO plans to achieve a 20% market share in non-server related AI data center electromechanical equipment supply and turnkey projects in Asian markets outside mainland China.
Looking ahead at the group's performance growth prospects, Liming Hsien expects TECO Group's revenue target to reach NT$100 billion within the next 2 to 3 years, with promising growth in data center and energy-saving and carbon reduction related projects.
Regarding the progress of the stock swap strategic alliance between TECO and Foxconn, Liming Hsien revealed that Foxconn does not rule out appointing directors to TECO's new board in 2027, expecting the structure of TECO's board to further change next year.
Liming Hsien stated in an interview with media in Penang before the opening ceremony this morning that TECO aims to enter the first-tier supply chain of major AI data center manufacturers in the Southeast Asian market. Currently, its layout covers Taiwan and Asian markets, not limited to turnkey projects, but also actively entering electromechanical engineering and fiber optic-related power equipment solutions, aiming to become an AI data center system integration solution provider.
Liming Hsien pointed out that Malaysia actively provides resources such as water, electricity, and land. Major US cloud service providers (CSPs) are actively expanding capacity in Johor and Kuala Lumpur. It is estimated that there will be 20 more AI data centers planned for construction in the next 3 years. In addition to electromechanical and fiber optic engineering, TECO is also actively negotiating the supply of key components including transformers, switchboards, and busways.
He stated that in the next 3 to 5 years, in addition to the inexhaustible AI data center engineering equipment business, TECO will also continue to cooperate with Foxconn to promote modular data center solutions in Taiwan and Malaysia.
In response to the trend of AI data center construction, Liming Hsien stated that TECO has independently established an AI Data Center Business Unit under the Power Energy Business Group, with promising future growth. Currently, the AI data center business unit accounts for about 30% of the Power Energy Business Group's performance, and this proportion is expected to increase to 50% to 60% in the future. Driven by the AI data center business, the Power Energy Business Group's revenue will exceed that of the Electromechanical Business Group. (Editor: Chang Chun-Mao) 1150429
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
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Texts, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.