CHEM Anticipates Record Highs and Sequential Quarterly Growth; Heavy Electric Sector Continues to Benefit from AI Applications
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Chung-Hsin Electric & Machinery (CHEM) CEO Guo Hui-juan predicts the company will achieve record-high operations this year with sequential quarterly growth. The heavy electric and GIS divisions are thriving due to robust demand from Taipower's grid updates, AI data centers, and semiconductor fabs, with the order backlog reaching NT$43.1 billion.