Market Chatter: CTCI's Total Projects Under Execution Hit Record NT$500 Billion on AI, Clean Energy Boom
CTCI Engineering's (TWO:9933) new contract value hit nearly NT$75 billion as of early May, lifting the total value of projects under execution close to a record NT$500 billion, CNA reported, citing the company's investor conference.The company attributed the surge to rising demand tied to AI infrastructure and the global shift toward cleaner energy systems. It said high-tech projects made up 41% of new contracts in the first four months of the year, reflecting stronger exposure to data centres, semiconductors and high-performance computing-related infrastructure, according to the report.CTCI also highlighted a recent overseas win involving a US memory chip maker's project in Singapore, the report said.The company is expanding its strategy through a "Technology Engineering Strategic Alliance" with partners including Delta Electronics, Taiwan Polymer Group and Ta Ya Group, while also taking part in overseas industrial park initiatives across markets such as the US, Mexico, Poland and India, the news outlet added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
