Auras Raises Revenue Growth Target to up to 70%, Sees AI Boom Lasting Until 2028

(CNA, Taipei, June 21, by reporter Tseng Jen-kai) T.Y. Lin, chairman of thermal solutions major Auras Technology, said today that the AI market remains strong and should pose no problems until 2028. Benefiting from the takeoff of the ASIC (Application-Specific Integrated Circuit) market, Auras is upgrading its 2026 revenue growth target from the original 50% year-on-year to 60% to 70%, with profits expected to be even better.

Auras held its annual shareholders' meeting today. Lin admitted that Auras's cold plates are not on the supplier list for NVIDIA's upcoming Vera Rubin platform, set to launch in the second half of the year. He described this as a trade-off, a result of considering the company's overall capacity allocation for the most efficient application.

Lin analyzed that cooling is now needed in many areas beyond GPUs, including DIMMs (dual in-line memory modules). NVIDIA has initiated many projects, such as the NVLink 8 high-speed interconnect technology, for which Auras is providing the cooling solution.

Meanwhile, the ASIC market is just taking off, with companies like Google, Amazon AWS, and Meta developing their own chips and progressively adopting liquid cooling technology. It is estimated that in the second half of this year, ASICs will account for a significant 40% of Auras's revenue, serving as a key growth driver.

In response to customer demand, Auras is actively expanding its production capacity. It is increasing cold plate capacity at its Thailand and Guangzhou plants from the current 300,000 units per month to 400,000 units by June or July. The capacity for manifolds has also just been expanded, from the original 2,000-3,000 pairs per month to 4,000 pairs.

Additionally, Auras had previously entered AMD's supply chain for CPU vapor chambers. Lin stated that the CPU market has suddenly become very strong, and Auras plans to expand its vapor chamber production from the current 100,000-plus units per month to 1 million units per month by the end of this year or early next year.

Lin observed that based on current information, the AI industry boom should continue for several more years, with no issues foreseen until 2028.

Auras's 2025 revenue is NT$23.276 billion, a 47.5% annual increase; net profit attributable to the parent company is NT$2.572 billion, up 35.9%. Both revenue and profit set historical highs, with an after-tax earnings per share of NT$28.26. At today's meeting, shareholders approved a cash dividend of NT$12 per share.

At an investor conference late last year, Auras had proposed a 2026 revenue growth target of over 50%. Today, Lin revised this upward to 60% to 70%.