Taiwan AI Server Makers Ride Hyperscaler Capex into 2027

Taiwan's AI server makers delivered another month of bumper year-on-year growth in April, as the global AI infrastructure build-out continued at full pace.

Foxconn remained the dominant contributor, with April revenue of NT$832.1 billion (US$26.4 billion), up 29.7 percent year on year. AI GPU server-rack shipments rose 3.8 times year on year and ASIC server shipments increased 3.2 times, both ahead of internal targets.

The rest of the sector followed suit. Quanta and Wistron each more than doubled April revenue year on year, while Inventec, Compal, Gigabyte and ASRock all posted double-digit gains driven by AI servers. Wistron reported first-quarter revenue of NT$846 billion (US$26.9 billion) and is guiding for continued growth in both AI and general-purpose server shipments through the rest of the year. Wiwynn reported consolidated April revenue of NT$82.7 billion (US$2.6 billion), 29.7 percent higher year on year, a clear signal that hyperscaler demand remained firm.

Further down the stack, the chassis and integration specialists are catching the same wave. Chenbro, the largest Taiwan-listed server chassis maker, reported first-quarter revenue of NT$7.1 billion (US$226 million), up 71 percent year on year. The company is now expanding from chassis into racks, liquid-cooling cabinets and IT racks, with rack revenue projected to exceed 10 percent of the group in 2026, up from between 5 and 10 percent in 2025.

Two structural themes ran through the April results. First, custom silicon is moving from talking point to volume. Foxconn, Wiwynn and Quanta have all signalled that ASIC racks will become a meaningful share of mix by the end of the year. Second, the rack itself is becoming the unit of design, and assembly margin is increasingly being driven by the integration of compute, power and cooling rather than by system assembly alone.

Both themes are already feeding through to the order book. Visibility across the AI server sector now extends into 2027. Foxconn has guided to both sequential and year-on-year growth in Q2, normally a seasonally softer quarter, while Wistron, Quanta and Wiwynn are all expecting stronger second halves as Vera Rubin and ASIC platforms reach volume. The biggest tests from here sit on the supply side: scaling capacity fast enough to deliver on those orders, and managing the component shortages and price rises that come with the whole industry running flat out at the same time.